Replies to post #26544 on Mattu's Tax Loss Picks (MATTY)

[Tina]

Oh gawd, don't start that rumor! lolol

[Tina]

have extra fruit of the looms ready for tomorrow :)

18:44:33 Today FNM FRE NYX Trading In Fannie, Freddie To Continue On NYSE Tuesday


By Geoffrey Rogow
Of DOW JONES NEWSWIRES


NEW YORK (Dow Jones)--The New York Stock Exchange said late Monday Fannie Mae(FNM) and Freddie Mac (FRE) will continue to actively trade on all parts of the
exchange Tuesday.

While the broader market generally looked favorably on the U.S. government's
seizure of mortgage giants Fannie Mae and Freddie Mac, shareholders of the two
government sponsored enterprises took the move as a sign to sell. At the end of
trading Monday, both stocks sported market capitalizations below $800 million,
with Fannie closing down 6.31, or 90%, at 73 cents, and Freddie off 4.22, or
83%, to 88 cents.

And with the government set to take the reins on the two firms, possibly
pushing the value of equity holdings to zero, investors have begun to question
when a delisting or possible move of the company's shares to another part of
the exchange might occur.

In a typical situation, stocks trading below $1 move from a mix of floor and
electronic trading to electronic trading only. However, in the case of Fannie
and Freddie Monday, trading never moved exclusively to an electronic platform.

From the NYSE's perspective, the government maneuvering over the weekend and
the push below $1 a share don't necessarily mean a move is imminent.

"We continue to monitor and asses the situation. They continued trading on
the NYSE today (Monday) and we'll further monitor the activity tomorrow
(Tuesday)," said Rich Adamonis, a spokesman for the NYSE.

In a statement, the exchange said it will issue a separate notice regarding
trading in Fannie and Freddie on Wednesday, adding that the companies' shares
will continue to be listed, traded, and quoted on the NYSE as the primary
market on Tuesday.


-By Geoffrey Rogow; Dow Jones Newswires; 201-938-5360;
[e-mail]


Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary:
http://www.djnewsplus.com/al?rnd=Lf0L%2ByKuhJJpiwuA7Q8s8A%3D%3D. You can use
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(END) Dow Jones Newswires

09-08-08 1844ET

Copyright (c) 2008 Dow Jones & Company, Inc.

18:44 090808