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FMCC - Freddie Mac - Page 106

post #2101 of 2174
In on the shares hoping for a bounce!
post #2102 of 2174
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 !!!
post #2103 of 2174
Any word on the date when this goes OTC?
post #2104 of 2174
Quote:
Originally Posted by wtd03 View Post
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/
post #2105 of 2174
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?
post #2106 of 2174
Quote:
Originally Posted by BLOWRY1911 View Post
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..
post #2107 of 2174
Quote:
Originally Posted by BLOWRY1911 View Post
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?
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
post #2108 of 2174
Quote:
Originally Posted by albaro911 View Post
Sell while you still have 40% to keep..
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
post #2109 of 2174
Quote:
Originally Posted by coldwind View Post
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 !!!
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)
post #2110 of 2174
Quote:
Originally Posted by Tiptopptrader View Post
I stopped out today with a small profit. I probably have enough for a nice meal if I don't have desert and hold back on the jack and coke
It looks like the holders will need that jack and coke, minus the coke...my condolences for those that got burnt on this. . .
post #2111 of 2174
wasnt this like .50 last year?
post #2112 of 2174
It's safer to play SHORT on this one
Just made another SHORT @ 0.60 this morning ... tentative COVER @ 0.50 today ...
post #2113 of 2174
Quote:
Originally Posted by coldwind View Post
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
post #2114 of 2174
Quote:
Originally Posted by coldwind View Post
COVER my SHORT @ 0.53 and happy with the PROFIT
post #2115 of 2174
The wall is down
post #2116 of 2174
Took another SHORT position this morning at 0.50 ... target COVER is 0.40
post #2117 of 2174
Quote:
Originally Posted by Tiptopptrader View Post
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
BLOWRY1911,
You had a opportunity to get out in the mid .70's or so on Wednesday, just curious if you did?
post #2118 of 2174
Quote:
Originally Posted by Tiptopptrader View Post
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.
post #2119 of 2174
Quote:
Originally Posted by coldwind View Post
Took another SHORT position this morning at 0.50 ... target COVER is 0.40
COVER at 0.42 and happy with the PROFIT
post #2120 of 2174
Quote:
Originally Posted by coldwind View Post
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?
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