1000 percent seems like a lot, but it isnt really considering the stock fell from 67 dollars to 27 cents. The return is just beginning. I once calculated what would happen if you bought 100 shares, new issue GE back in 1890 for 100 dollars ( a dollar a share) and kept it until now.
According to my calculations, you would be pulling $17,000 per month in dividends, as I think GE split about 7 times, so you would have thousands and thousands of shares of GE today. All from a $100 investment. Similar returns happened with Water Pick. In fact, I used to live in the town, Ft. Collins, Colorado, where there were many water pick millionaires. They simply bought a modest amount of water pick early and held on. It was a penny stock that went over 100 dollars a share.
There is a whole area of Bentonville Ark, where the Wal Mart millionares live, who bought into Wal Mart early.
We are looking at these kind of returns..20 fold, 50 fold, or even a hundred fold. FNMA need only get to 27.00 per share to return 100 fold, and this is a real possibilty by 2015 or 2016..maybe even sooner.
You are not going to be a fannie mae millionaire by buying and then selling out for a nickel or even a quarter profit. This is "the big one" and Im not missing out by fear it will go down a quarter. Of course it will. But the fundamentals are great.
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