Freddie Mac-No Politics (FMCC)

[AZSaxon1]

I dunno Ken....

about FMCKJ or FNMAS preferred stocks as of now. In the far future yes. 5+ years if you wanna wait. I’ll give you 2 reasons. Just too dangerous right now. 1). If anyone knows the housing market it’s me. I’m a big investor. It’s gonna take a lot of crying, screaming, fighting and kicking from Nader to get this stock out of governments hands. Yes I know Freddie and Fannie made/making huge payoffs. 2). But if the government knows there is a cash cow the won’t give them up easily. The government is desperate for income. But when everything settles, I can see all 4 FNMA, FMCC, FMCKJ, FNMAS will increase massively.

I left these stocks trading RAD Rite Aid as of now. It’s an easy stock. Moves $2.90-$3.00 daily. Never goes over $3. This happens everyday. And when it hits $3.00 sell off back to $2.89. I always wait until it hits $ 2.93. I buy and sell at $2.96. I just made $1,050. Been doing this every day for 2 weeks. No brainer. I buy and sell get out. Not a long or short term investor.