FMCC - Freddie Mac - Page 106

In on the shares hoping for a bounce!

SHORT @ 0.85 ... COVER @ 0.60 ... done with this for today.

I'm sure it will go under 0.50 soon but PROFIT is PROFIT !!!

Any word on the date when this goes OTC?

according to the site below.......
Freddie Mac intends to file a Notification of Removal from Listing on or about June 28, 2010 and it anticipates that the delisting of its common and preferred stock from the NYSE will become effective on or about July 8, 2010.

http://247wallst.com/2010/06/16/fred...-next-fnm-fre/

i need to sell this crap, but cant stand to loose over 60% on it....... i keep wanting to hold out in just in case, before taking a big loss. uggh this pissess me off!

anyone think there will be even a little correction in the new few weeks?

Sell while you still have 40% to keep..

It did make a nice bounce off .52 which is normal in a situation like this as the daytraders will create buying and selling opportunities. At minimum you should have a stop loss set below the current price and if the price should climb from here, keep raising your exit point. What ever money you walk away with can be put in something to recoup your losses instead of holding a falling knife

I agree with this.

This caught me by suprise. Thankfully I got out last week when it was trading regular.

Either try and average down by june 28 or get out all together. If anything put stop losses now

Good thing that I COVER @ .60 ... otherwise, my profit is kissing me goodbye.

Btw, it made some nice comeback (0.52 -> 0.72 ~ 40% pullback from LOD)

It looks like the holders will need that jack and coke, minus the coke...my condolences for those that got burnt on this. . .

wasnt this like .50 last year?

It's safer to play SHORT on this one
Just made another SHORT @ 0.60 this morning ... tentative COVER @ 0.50 today ...

COVER my SHORT @ 0.53 and happy with the PROFIT

The wall is down

Took another SHORT position this morning at 0.50 ... target COVER is 0.40

BLOWRY1911,
You had a opportunity to get out in the mid .70's or so on Wednesday, just curious if you did?

Yes sir! Sold at .75
Thanks to u and the others that advised to sell. Thanks again for the advice.
I listened to ur advice, rasing it up as it climbed, then pulled the trigger at the end of the day.

COVER at 0.42 and happy with the PROFIT

CW.....like seriously are you banking like Gambler? I mean 6 figure profits so far this year?