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  1. asm610 is offline
    asm610
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    Joined: Feb 2009 Location: NC Posts: 264
    04-08-2009, 10:59 AM #11
    Quote Originally Posted by LT LT LT View Post
    I'm looking for FNM to get back under .50 to buy and will sell right at $1
    LT,
    I'm all for that.
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  2. relmor2003 is offline
    relmor2003
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    Joined: Oct 2008 Posts: 1,937
    04-08-2009, 12:53 PM #12
    Quote Originally Posted by asm610 View Post
    LT,
    I'm all for that.
    I wouldnt touch FNM till .38 cents. Period. Why buy that pig for more? Wait till DOW 6000 again, then buy it.
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  3. LT LT LT is offline
    LT LT LT
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    Joined: Mar 2009 Posts: 20
    04-08-2009, 02:11 PM #13
    I would just hate to miss a run from .50 to $2.40. I have bought fnm multiple times at .72 or so and sold on the run up over a dollar got over 2 dollars one time. I have seen it break into the .40 and want to take a little less risk this time so i am waiting til then. Although I am also afraid of the equity getting wiped out and so I could see .30 or worse. Only reason I would buy fnm again is because I would only be using fnm profits. I bought it a while back thinking gov might use it to fix housing now i think their is a better chance it gets wiped out then put back to old self.

    Sorry this is so run on but my thoughts on fannie are not clear at all
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