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To: LLCF who wrote (144238)1/16/2002 8:13:17 PM
From: mishedlo  Read Replies (2) | Respond to of 436258
 
Betting against FNM is a sucker play.
Wait until it breaks or play the range.
I have the range at about 76-84.
Jan calls when it was at 77 was a 300% winner or better.
No, I did not do it.

I am hoping for 84 to buy leap puts.
But. I would cash them out at 77.

People buying this pig will not know problems until a rock smashes them in the head, and probably not then.

M



To: LLCF who wrote (144238)1/16/2002 9:43:40 PM
From: Earlie  Read Replies (2) | Respond to of 436258
 
Dak:

I truly hate that stock, but am not "there" at the moment. One shouldn't become emotional about any stock and when I do, I usually lose, so just a spectator for the time being.

It is a disaster waiting to happen from my perspective, but until the refinancing bubble actually demonstrates a peak, I will just watch. No doubt I will wait one day too many.

Best, Earlie