Freddie Mac-No Politics (FMCC)

[mr_bitterness]

Hi Snappo - My thinking is that you are right, the bailout really has nothing to do with FRE. That is why I think it will drop after it hits. When everyone sighs and takes a breather and takes profits from the stocks they are up in, which should be mostly the stocks they played up into this event, like FRE. The old run it up and sell into news routine.

I am playing based on the bailout agreement being made no sooner than next week. I figured on a run up into the agreement and either a big pop and quicker decline or an immediate and rapid decline. Then some sideways or sideways and down time before it decides what to do next. This is now entering the gray area between big boards and pinks for me. An area I may not understand so well.

I did not expect to have it ready for the president's approval so soon. That surprised me a bit and FRE's reaction to it was less than stellar. It is rare to see the volatility we saw today. with a chart like this, that should mean a big fast move in one direction or another. After hours is looking up for the moment but PPS is still a far cry from where it was when the news hit.