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Sunday, November 30, 2008 9:48:17 AM
The $5.00 rule was out the window when fortune 500 Companies went on sale and started trading well under a dollar a share.
In our unusual times (meltdown) Companies like GS and several others have been accumualting FNM and AIG to make up for billions in value lost; They had to and they will buy at much higher levels too what is just silly is these funds are just realizing the buy low concept vs their stayed rules that in our new world economy just don't work any more. The other interesting thing is the extended time Nasdaq has allowed sub dollar stock to stay listed also due to these unusual times.
I too would like to buy much more stock here and at last weeks prices...what the Hell were we thinking we all should have gone 100% full tilt into FNM last week it so easy to waist money on Bull Shi@t companies and so rare to fine one at a fraction of its value guaranteed by the FED.
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