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DewDiligence

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Re: WinLoseOrDraw post# 79374

Sunday, 09/07/2008 10:33:03 PM

Sunday, September 07, 2008 10:33:03 PM

Post# of 147505
>I guess Monday morning will have Fannie go to zero and the rest of the financials do a minor moon shot.<

I say they close Monday in the 0.25-0.50 range. FNM and FRE common stocks can’t go to zero just yet because there is still a smidgeon of residual equity even if the all of the new warrants are exercised.

What happens Monday to the overall financial sector and broad market indices is a tougher call.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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