SwingTrade Member Forum

[Rawnoc]

FRE update....no long accumulating. Pure tiny position flip so no longer will it be in my list of "stocks to accumulat" for now, but that can certainly change. Conference being held at 2pm so we'll see what they have to say.

>> Not only may it have to tap the $100 billion federal backstop in the coming months, Fannie said. If the company continues to suffer substantial losses "or to the extent that we experience a liquidity crisis that prevents us from accessing the unsecured debt markets, this commitment may not be sufficient to keep us in solvent condition or from being placed into receivership," it said in a filing with the Securities and Exchange Commission. <<

If FRE goes into RECEIVERSHIP, then it's a game changer for the bad. Be careful. FRE/FNM is only for money you can afford to lose 100% of. Let's see what 2pm brings us. It could fly in either direction.