Replies to post #788937 on Fannie Mae-No Politics (FNMA)

[kthomp19]

maybe he has a reason why the stock went up 8 times his long term target of 2 cents - just in one day. It is over 80 times the No Name target!

Why would short term moves have any bearing on a long term target, especially when there has been no new information?

If you think "Mr. Market" is always right then you have no business owning stock in any individual company, including Fannie and Freddie. The reason to be long is the belief that the market is underpricing the shares.

Also, the argument of "well if you think it's going to 2 cents why don't you short it?" doesn't apply because being long and being short are fundamentally different. The latter is path-dependent while the former isn't. If you are long and think the stock is going to, say, $50 then the path it takes to get there can't force you to sell. If you are short and think the stock is going to 2 cents, you can get margin called if the stock goes up too much in the meantime even if you are right about the eventual destination.

[The Man With No Name]

Thanks Stockanalyze - forgot about the No Name - GB connection. Where is No Name anyhow ? He is a big time bankruptcy guy with all the answers - maybe he has a reason why the stock went up 8 times his long term target of 2 cents - just in one day. It is over 80 times the No Name target! No Name - what do you think?

I think you aren't important and your posts are meaningless. I also think your insinuation that GB and I are the same person is downright ignorant.

Do you need to know any more of my thoughts?