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Re: Rawnoc post# 7164

Sunday, 09/28/2008 10:57:02 PM

Sunday, September 28, 2008 10:57:02 PM

Post# of 46598
I'd been paying attention only slightly to FNM and FRE until they started to go WAYYYY down. When it hit a buck, I knew it was starting to get good and I started to buy FNM... As it kept going down I kept buying... My whole thought process was that the govt would just not let these fail. someone/somewhere/somehow would step in and get this back up, it's just too critical to get taken over, etc.

So, when it hit .40, I added some more shares, only 5k more, but enough to put me up $50k or so in the couple of weeks that I've owned this. I took a bath on WM, so looking to at least trade my way out of that, but this has been a no brainer.