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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Haim R. Branisteanu who wrote (126704)10/1/2001 7:06:12 PM
From: sun-tzu  Read Replies (1) of 436258
 
I agree with oblomov 100%. FHA backing of FNM is implied only. By the time they would step in, the company would cease to exist as we know it.

I also agree with tippet, the upside is capped and FNM still is in need of castration. My personal take is that it will be one of the last nuts to crack.

FWIW, I am short FNM with a 77 1/2 basis.

(~)^(~)
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