Same with me I will be buying more too if this continue to fall. LONG TERM.
post #2041 of 2168
10/20/09 at 12:57pm
You need to stop that or they're gonna take all of your money. You also need to determine if you're a trader or investor or both. There's a distinct difference.
Okay, to put a little more bullish attitude in here I really gotta say that investors are overacting right now with both FRE and FNM. I think it is pretty much common knowledge that both of these stocks value is zero, even before the survey issued two days ago. Stocks like AIG, C, FRE, FNM, BAC, they are all speculative stocks as it is pretty well known their fundamentals suck, their earnings are crap, and their stock is worth nothing. It is all speculation, and that is a big factor in how these stocks perform.
I myself bought a good sum of FRE shares at $2 which looks pretty iffy now, but I still am a firm believer that these stocks have potential to get over that mark again, possibly even to the $3 mark within the next six months. The federal government is under a lot of pressure to extend the first time home buyers stimulus plan that is set to expire in Dec. 1 of this year and extend it to June of 2010. Also lawmakers are looking to make it open to all home buyers, not just first time home buyers which will consequently bring a very quick recovery in both of these stocks in my opinion.
I actually went ahead and bought some more FRE yesterday when the stock hit $1.09 and am going to hold it for what I think will be a good profit.
I guess what I want to say is, I am just a speculator too but i really think that this stock is going to be worthwhile and while I believe it is definatly not a very good long long term investment, its short term trading value within the next six months will prove to be profitable to those who can wait and not fall victim to emotional trading.
Just my .02 cents