Freddie Mac and Fannie Mae

DublinWriter

Anyone catch yesterdays massive rise in these stocks?

I got in on both around $1 a share last October. I checked yesterday and they were going through the roof, but I eventually bottled it and cleared my position five minutes before the market closed.

Originally I bought the shares for the long term, but I completely lost my nerve as I expected a serious case of dead-cat-bounce today.

Anyone reckon these are still worth a long term punt?

pirelli

DublinWriter wrote: »

Anyone catch yesterdays massive rise in these stocks?

I got in on both around $1 a share last October. I checked yesterday and they were going through the roof, but I eventually bottled it and cleared my position five minutes before the market closed.

Originally I bought the shares for the long term, but I completely lost my nerve as I expected a serious case of dead-cat-bounce today.

Anyone reckon these are still worth a long term punt?

Yes i noticed and i thought the same that it would drop today and I sold at $1.68 but it opened even higher and hit $2.13 at one point and is now around $1.80.

DublinWriter

I noticed the pre-market was sky high and kicked myself this morning too - but the volumes today are nothing like what was being horsed about yesterday.

I still reckon it's a good long term bet, but you'd need balls of steel to jump in with all the craziness going on with that stock right now.

Lexus1976

DublinWriter wrote: »

Anyone catch yesterdays massive rise in these stocks?

I got in on both around $1 a share last October. I checked yesterday and they were going through the roof, but I eventually bottled it and cleared my position five minutes before the market closed.

Originally I bought the shares for the long term, but I completely lost my nerve as I expected a serious case of dead-cat-bounce today.

Anyone reckon these are still worth a long term punt?

There's no basis behind these movements both stocks are worthless, the trading volumes are due to day traders as per statments made on CNBC.

daveirl

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Onikage

daveirl wrote: »

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Disagree. GM have got a cash injection, compelling new products and a boost in production capacity. A safer (but not safe) bet than the wild speculation following Freddie and Fannie.

strmin

Onikage wrote: »

Disagree. GM have got a cash injection, compelling new products and a boost in production capacity. A safer (but not safe) bet than the wild speculation following Freddie and Fannie.

There was memo on GM website saying what all their shares circulating the market are worthless.

daveirl

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Onikage

My mistake.

patbrady877

nobody ever went bust while taking a profit, remember that and you will never go wrong. personally id be waiting for them to drop off before getting back involved!

Idu

patbrady877 wrote: »

nobody ever went bust while taking a profit, remember that and you will never go wrong. personally id be waiting for them to drop off before getting back involved!

plenty of people have gone bust waiting for the chance to take a profit though