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Thread: Anyone Playing with Fannie?

  1. #1

    Default Anyone Playing with Fannie?

    I've got a small junk account. It used to be decent, but since I'm so good at buying high and selling low, it's now - a small junk account.

    Anyway, I decided to ride the Fannie, and got in around 2.50 a share. Went up to 5, then it tanked. I held it and now it's going back up. Anyone else playing with this worthless speculative stock??


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  3. #2

    Join Date
    Apr 2005
    Location
    Gainesville, Florida, USA
    Posts
    24,244

    Default Re: Anyone Playing with Fannie?

    I've been doing the same thing with MTG buying my first position at $2.17 and now have a +$4.4K profit - I'll be consistent with my DCAs going forward.

    MGIC Investment Corp. (MTG): MGIC Remains A Compelling Value - Seeking Alpha

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  5. #3

    Default Re: Anyone Playing with Fannie?

    Sure do wish I sunk my money into MTG. Hmm - earnings that don't go 100% to the treasury and they're not in conservatorship. Much smarter move.

    I guess I'm taking ahuge risk that after they repay the mob in full and then some, they'll be released w/ common shares in tact. Not the best investment strategy.

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  7. #4

    Default Re: Anyone Playing with Fannie?

    One of my favorite past times is playing with fannies
    100% G Fund COB 13 March 2020

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  9. #5

    Default Re: Anyone Playing with Fannie?

    Looks like my Fannie is heating up. I'm sitting on a decent gain, and if Ted Olson can work his magic, we may see both Freddie and Fannie escape the death grips of the Govt. It's a tough call. If they can't pull it off, I'll be at zero. But if they get released, I think it's at least a $25 stock. Fingers crossed.....

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