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FMCC - Freddie Mac - Page 103

post #2041 of 2174
Same with me I will be buying more too if this continue to fall. LONG TERM.
post #2042 of 2174
Quote:
Originally Posted by USMC View Post
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.
I realize that this is a lot easier said than done.
A lot of traders/investors do not know how to set stop loss.
They keep thinking "long term" and let their shares dive like a free fall.

Remember that many many people say FRE and FNM are WORTHLESS companies. Yet, they still trade like nut case. But they can only be for TRADING.
post #2043 of 2174
rihgtly pointed out by coldwind .... if u do ur DD on FRE and FNM yoiu will realize that these are not for investing just for short term trading .. imho ...
post #2044 of 2174
If you don't believe that this is going to go to zero and want to hang in there for the long term, at least buy some puts to hedge your losses... and if it goes down to levels that you think are insanely low (like $0.40...?) buy some calls as a lottery ticket.
post #2045 of 2174
got some $1 putz
post #2046 of 2174
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
post #2047 of 2174
I don't think you can compare BofA to zombie stocks like fre/fnm and aig
post #2048 of 2174
Quote:
Originally Posted by Letter_Bomb91 View Post
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
I'm with you, Just a spec my self. Who knows how this will turn out, but I'm not going to panic on one days news on fre and fnm when this is been going on for a long time..
post #2049 of 2174
any idea why it's droping like crazy?
post #2050 of 2174

Freddie Mac Releases Third Quarter 2009 Financial Results

Summary


Third quarter 2009 net loss was $5.0 billion. After the dividend payment of $1.3 billion to the U.S. Department of the Treasury on the senior preferred stock, net loss attributable to common stockholders was $6.3 billion, or $1.94 per diluted common share, for the quarter.
Net worth at September 30, 2009 was $10.4 billion. The positive net worth reflects an $8.5 billion gain in AOCI primarily driven by improved values on the company's available-for-sale securities. As a result of the positive net worth, no additional funding from the U.S. Department of the Treasury was required under the terms of the Senior Preferred Stock Purchase Agreement for the third quarter.
Third quarter 2009 results reflect:
Net interest income of $4.5 billion;
Net impairment of available-for-sale securities recognized in earnings of $1.2 billion; and
Provision for credit losses of $7.6 billion.
During the third quarter of 2009, Freddie Mac continued to support the housing market by:
Supporting the Obama Administration's Making Home Affordable program - enabling more than 78,000 struggling borrowers (more than 88,000 outstanding as of September 30, 2009) to accept offers to modify their loans under the Home Affordable Modification program and approximately 69,000 borrowers (approximately 98,000 year-to-date as of September 30, 2009) to lower their payments under the Freddie Mac Relief Refinance Mortgage(SM);
Helping approximately 26,000 additional borrowers stay in their homes or sell their properties through the company's long-standing, traditional foreclosure prevention programs; and
Providing liquidity to the mortgage market by purchasing or guaranteeing $125 billion in mortgage loans and mortgage-related securities, including $91 billion in single-family refinance volume.


Read More
post #2051 of 2174
Are these guys gunna R/S, or what?


stock-chart-str.aspx?id=FRE&ca=24062939
post #2052 of 2174
Suprise no one is talking about this after earning come out
post #2053 of 2174
Fannie Mae and Freddie Mac are preparing to introduce a program aimed at helping independent mortgage banks acquire the short-term credit they need to make home loans."

They would do this through advance commitments to purchase the home loans, as long as they meet certain quality standards. This way the smaller banks could get short-term credit because the loans would be deemed less risky.

I gave a shout over to Howard Glaser this morning, who recently launched an advocacy group for community based mortgage lenders called Community Mortgage Lenders of America. He and the group have been pushing for such a plan.

Fannie Mae's plan to increase the flow of mortgage capital to independent mortgage bankers is welcome news for borrowers. By making credit available to the community based bankers who make 46% of the mortgage loans in this country, the cost of mortgage credit to borrowers will go down. With the housing market showing signs of a fragile recovery, Fannie's action will help ensure stability in the housing sector.
post #2054 of 2174
Nice little POP going on again :-)
post #2055 of 2174
i am in --> $1.33
post #2056 of 2174
i hope we can break this 1.43 resistance
post #2057 of 2174
How long before FRE & FNM get back on there feet ?
1, 3, 5 Years ?
post #2058 of 2174
Nice close....this might gap up in the am....
post #2059 of 2174
if this ever gonna dip back down to the low 1. Seems like its not looking back at all...This a good time to get it? (im long 3+)
post #2060 of 2174
Good Morning People :-)

Nice open again
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