Ok, I admit it now, I've been buying Freddy! (loans, calculate, mortgage)

[travelmate38]

As someone who still believes today, July 16th was a bear trap, I have decided I do believe there are some bargains. Say what you will about the Feds lies and what not, but when you have Greenspan and Ben coming out on the same date stating FRE will survive and they are not on the brink of failure, I think one has to listen. This coupled with FRE dropping some 90% from it's highs, who can resist? This stock should be trading in the mid 20s right now and investors are starting to realize this now.

I picked up a few thousand shares to hold very long term as I think the stock will trade sideways for a few quarters. However, once earnings are back in line over the next 12-18 months, this stock will see a steady and consitent climb back towards $30. These oportunities are VERY rare folks. The entire US, is backing this company and squashing all rumors of it's failure. Lots of people who can ride it out are going to make a killing on this stock. I also bought and added 1500 shares to my daughter's college fund. If this stock goes to where I believe it will in 3-4 years, I might not have to open my personal checkbook to pay for her tuition.

This oportunity is staring you right in the face, right now. You probably only have this week to get in at the lowest points. They only come about once every 10-15 years. Buy it and ignore it for 2-3 years, you will be pleased.

[evilnewbie]

Good luck... I will wait for the other mortgage crisis to pass (Alt-A loans, etc. etc.) and see what happens... I doubt Freddy will survive.. I suspect it will be merged with Fannie in the end... Freddy and Fannie basically do the same thing, why should the government set up 2 companies that do the same thing, it would terribly inefficient and redundant.. Its like having 2 Departments of Agriculture or 2 Department of the Interior.. waste of money and it will be soon recognized by taxpayers for what it is.. but good luck anyway...

[old_cold]

We've been agonizing all this week as to whether or not we should try to mitigate our loss somewhat by buying at least 1/2 the number of shares we already own.....not enough guts to buy equal the number.
In Vegas we at least got free drinks while gambling

[ViewFromThePeak]

Originally Posted by travelmate38

As someone who still believes today, July 16th was a bear trap, I have decided I do believe there are some bargains. Say what you will about the Feds lies and what not, but when you have Greenspan and Ben coming out on the same date stating FRE will survive and they are not on the brink of failure, I think one has to listen. This coupled with FRE dropping some 90% from it's highs, who can resist? This stock should be trading in the mid 20s right now and investors are starting to realize this now.

I picked up a few thousand shares to hold very long term as I think the stock will trade sideways for a few quarters. However, once earnings are back in line over the next 12-18 months, this stock will see a steady and consitent climb back towards $30. These oportunities are VERY rare folks. The entire US, is backing this company and squashing all rumors of it's failure. Lots of people who can ride it out are going to make a killing on this stock. I also bought and added 1500 shares to my daughter's college fund. If this stock goes to where I believe it will in 3-4 years, I might not have to open my personal checkbook to pay for her tuition.

This oportunity is staring you right in the face, right now. You probably only have this week to get in at the lowest points. They only come about once every 10-15 years. Buy it and ignore it for 2-3 years, you will be pleased.

$90 billion in capital and $5 trillion in mortgage obligations and not enough money in the gov't coffers to bail them out?

I'll pass. But thanks anyway for that hot stock tip .

[travelmate38]

Originally Posted by ViewFromThePeak

$90 billion in capital and $5 trillion in mortgage obligations and not enough money in the gov't coffers to bail them out?

I'll pass. But thanks anyway for that hot stock tip .

FRE is not going anywhere, at least for the near term. Bought in the 5's now trading in the mid 8's. Sorry you missed the ship, it has already set sail. This stick will trade at or very near $20 by year's end.

[thebigr]

I have to agree with your choice. I sold some Monsanto as I bought it several years ago and did very well and bought some Fre at $5. The government is backing it so why not. I am still young, nothing but time to wait.

[sterlinggirl]

I'm watching the ship sail by......

I know there's a lot of bargains out there, but I won't have money to buy them for another month.

[SPNARD1]

Like with anything else...yea, it's a great deal if you're comparing it with the previous highs, but you can't look at that...

If you do have some extra cash laying around....I do think it's a pretty calculated gamble...with the govt being behind it.

[TexianPatriot]

ouch!!!

nationalization = wipe out of share holder equity.

[HappyTexan]

So, are the folks that posted here saying they bought big still holding on to their shares or did you guys bail ?