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To: Joan Osland Graffius who wrote (86917)3/28/2001 1:56:16 PM
From: NOW  Read Replies (1) | Respond to of 436258
 
When FRE and FNM go, the game is over.
So not leting them go seems in order.
FNM in particular says more about the future of the stock market than any single stock, IMO.



To: Joan Osland Graffius who wrote (86917)3/28/2001 3:14:53 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
Joan, they're regarded as bullet-proof because the housing bubble's still largely intact, and rates are falling. not to mention the implicit tax payer guarantee. but experience shows the bear doesn't like hold-outs. their time will come.



To: Joan Osland Graffius who wrote (86917)3/28/2001 3:37:12 PM
From: mishedlo  Read Replies (1) | Respond to of 436258
 
Joan I am right with you on FNM, I also thought I was brilliant by cashing out all my puts on the the huge dow drop then I went and did something stupid like reaload them way way too early.

I am sitiing on a whole slew of financial puts that are underwater.

M


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