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a lot of selling is going on.. hope it holds..
Hold, buy and sit back.. we will follow freddie
We get support from sellers in Fre, who want fannie to follow.. It always did..
We gona hit the Dollar today !!..
Gltya..
Yes, nice good day.. I think very goodlooking chart now for the technical traders.. lol
More days like this to com, I believe.. US needs fnm, and this stock go positive..
gltya
for a nice close.. +80
fnm always follows,...
this will soon hit the dollar..
soon again above the $ (would be nice.. )
I bought in...
Looks like positive..
but not healty enough for me, on low vollume.. Looks like playing time is not over 4 an nice run up..
gltya
Looking good this morning..
who is pushing this down?, there is no fundamental reasen for..
Still waiting till they are done.. playing this..
Fannie crossed pps Freddie
RT at this time:
FNM 0.689 +0.026 (4.00%) 737.32M
FRE 0.687 -0.052 (-7.04%)
I think there will be more atacks on the 70 today.. above fresh money is comming in.. (thats what I believe, and think)
Hope it turns up again.. I feel a big rally here,.. see its holding stronger than FRE today.. almost crossed FRE`s pps
when this gets to .70 I buy in.. I think good sign for an rally over that point..
(my Opinion)
I think we get an last hour rally here and in fre..
even lehman got one..
be ready.. lol
Fannie,Freddie regulator said U.S. backs debt
Tue Oct 21, 2008 12:29pm EDT
NEW YORK, Oct 21 (Reuters)
- The regulator of Fannie Mae (FNM.P: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.P: Quote, Profile, Research, Stock Buzz) said the federal government is trying to help the two housing finance providers sell debt on better terms, The Wall Street Journal reported on Tuesday.
James Lockhart, the director of regulator the Federal Housing Finance Agency, at the Mortgage Bankers Association's 95th Annual Convention & Expo in San Francisco on Monday said the government has effectively guaranteed Fannie Mae's and Freddie Mac's debt, the newspaper reported.
"The U.S. government will be behind them short, medium and long term," Lockhart later told the Journal in an interview, the newspaper reported.
The federal government seized control of Fannie Mae and Freddie Mac on Sept. 7 because of fears that a failure of either of them could have severe consequences for financial markets. The two congressionally chartered companies own or guarantee nearly half of of the country's $12 trillion in outstanding U.S. mortgages.
Agency debt securities issued by Fannie Mae, Freddie Mac and the 12 regional Federal Home Loan Banks have cheapened dramatically recently, spurred by news that the Treasury plans to buy stakes in U.S. banks and the Federal Deposit Insurance Corp will provide guarantees on bank debt for three years.
The FDIC said it would try to unlock interbank lending by guaranteeing 100 percent of the senior unsecured debt of banks and other depository institutions. It also will guarantee all deposits held in non-interest-bearing transaction accounts until the end of 2009.
While a multitude of events have affected valuations, many say the last leg of the cheapening in agency debt securities. was due to the FDIC announcement.
Investors concluded that bank debt carrying the full faith and credit of the U.S. government would compete with agency debt, sparking a sell-off. The fact that debt from Fannie Mae and Freddie Mac was not included in this plan was perceived as another negative to the credit of agencies as well.
Lockhart said investors needn't worry about Fannie Mae's and Freddie Mac's ability to repay their debt, because the Treasury has agreed to provide as much as $100 billion of equity capital to each company, if needed, the newspaper reported. (Additional reporting by David Lawder, Editing by Leslie Adler)
http://www.reuters.com/article/marketsNews/idUSN2129793820081021
At this point Fre has an marketcap at $627.48M (dont forget) almost nothing for this company. If you look it from Euro-point is even under 500M Euro.. I cant believe this, and dont understand big investors pick this big up..
In my opinion this stock should be in $ 3/5 area wright now..
So I buy more, and wait for how hard this is gona rally back up.. ^^
grtz..
cheapies today.. ? I am buying more..
Europe`s financials green this morning..
Next week start just again positive..
Have nice weekend all..
grtz.. leon
If we go green, it can roll hard up..
Hope it does...
it took 1 hour.. lol (green)
Dow 8,980.05 +0.79 (0.01%)
Nasdaq 1,719.24 +1.53 (0.09%)
S&P 500 946.97 +0.54 (0.06%)
NOW HOLD THE GREEN.. !!!!!!!!!!!
I think green boards in 1 a 2 hours..
nice facts, and interesting to see the other players cash/cap..
FNM cash and equivalents on hands: $ 13,493,000,000
FNM cash as a percentage of market cap. 1,146.6%
FRE cash and equivalents on hands: $ 43,533,000,000
FRE cash as a percentage of market cap. 5,384.90%
must see:
http://www.businessweek.com/magazine/content/08_43/b4105030277214.htm
the financial sector was a long time behind today.. the little green can be an inportant step forwards..
Yes, I smell green.. lol
After Hours: 1.18 -0.07 (-5.60%) - Oct 15, 4:02PM EDT
stong day for freddie.. I can sleep with it.. lol (european time now)
grtz..
Freddie is holding good,.. nice to buy more at these prizes...
I was happy, and bought more.. lol
demn is going down hard..
Europe isnt pumping this, banks can borrow this, but pay back in future..
Every country has its own limmit.. for healty banks,!!
Nice close today.. I am positive about this week.. hope next stop is our hod today.. the >1.54<
A lot of europe`s news is already prized in today..
>>>>>>Important is that it looks that the crisis is under control.. !!<<<<<<<
And that brings $$$ back in stocks..
grtz..
I think marketcap is lower.. (??)
FRE 1.31 +0.15 (12.93%) 834.65M
FNM 1.13 +0.05 (4.63%) 1.22B
have to put some viagra on that line.. lol
here we go..(?)
1.35 must be posible.. I hope..
lol.. owkey..
interesting last hour to com..