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Does anyone own Fannie Mae Stock

 Does anyone own Fannie Mae Stock
topic by J AL7 - 03-21-2013, 09:19 AM - Boxden > The Money Spot (finance/careers)


Just wondering. It's on a good run over the past week. Last week it was at .20 now it's well over a $1

(ticker: FNMA)


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13 comments for "Does anyone own Fannie Mae Stock"


 03-21-2013, 12:25 PMaway - #2
NoName 38 heat pts38

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I have thought about it but there is so much uncertainty when it comes down to it. There has been talks over the last few months about Fannie and Freddie combining so it may make things worth it or completely k!ll the value.
 03-21-2013, 06:17 PMaway - #3
MOTTAFOOKAH 2 heat pts

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Whoever does should be looking at it thinking about WHEN THEY WILL SHORT... the student loan bubble is gonna bust... just a matter of time...


EDIT: Didn't read thought it said Sallie Mae, disregard

Last edited by MOTTAFOOKAH; 03-21-2013 at 10:13 PM..
 03-21-2013, 08:35 PMaway - #4
KruptedWayz 12 heat pts12

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I bought 825 at $0.26 about 6 months ago, it dropped to $0.80 today :(
 03-22-2013, 08:21 AMaway - #5
J AL7 

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Had a high of 1.47, i was able to get in at .26 too. I think it's a long term hold. Too big to fail IMO.
 03-22-2013, 09:50 AMaway - #6
J AL7 

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Originally Posted by Eminence Grise
That's why I've been trying to find SLABS to short. It's only a matter of time before the student loan bubble explodes. I think the debt is well over $1 Trillion now. Time for the short.
SLABS?


Sounds like you are predicting a burst like the housing market. I'm green so forgive me for my ignorance, can you run it down for me?
 03-22-2013, 03:36 PMaway - #7
J AL7 

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^^ Ok, I heard about Mr. Paulson but I also heard of people buying insurance on the stocks too and made the same kind of come up.

Either way you got me interested, can you point me in the right direction so I can do my due diligence.


Thanks Propped.
 03-22-2013, 03:38 PMaway - #8
SHADOW 302 heat pts302

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Originally Posted by J AL7
Had a high of 1.47, i was able to get in at .26 too. I think it's a long term hold. Too big to fail IMO.
 03-25-2013, 05:31 PMaway - #9
MOTTAFOOKAH 2 heat pts

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Originally Posted by J AL7
SLABS?


Sounds like you are predicting a burst like the housing market. I'm green so forgive me for my ignorance, can you run it down for me?
I'm thinking this will be worst than the housing market crash... If you think about it, whenever people defaulted on their mortgages there atleast was an a$set of value (property) to recover something from.. Where is the intrinsic value in a degree? That paper is worthless... Anyone can get a student loan, tons of people are chasing a dream which denotes a bubble... just sooner or later...



Its coming...

Last edited by MOTTAFOOKAH; 03-25-2013 at 05:44 PM..
 04-02-2013, 12:45 PMaway - #10
J AL7 

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FNMA posted the largest net income in its history and is well on its way be managing itself over a $1.00. I got in at .29!


 04-02-2013, 12:59 PMaway - #11
Reezyboi254 

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I think its a good buy to hold. Right now the housing market is recovering, interest rates are still relatively low but are starting to rise. Once interest rates increase, it should attract more investor in the secondary market for mortgage-backed securities. Also its low enough where you can put $200-$500 up and still get a decent amount of shares.
 
 


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