Official Let's Make Some Money Off Stocks Thread
#1521
Originally Posted by PearlwhiteS2k,Oct 29 2008, 12:34 PM
WTF Cutting Canadian banks rating???????
#1523
I shorted the rails and got paid. Thanks to whoever the specialist is for UNP. Went short, threw an order out over a dollar down, he swept it in 3-4 seconds. Wild ride. Like how DUG and EEV are both in the green for me too as well. Damn this is a crazy market. Most trader are pissed right now, bunch of order got stuck but mine were all fine since I toss it out to the specialist immediately and don't bother with the rest of it.
#1524
I'm thinking of picking up a lot (20K or more shares) of Fannie/Freddie soon for a long term hold. I don't think they will go away but who knows what the government will do to them. What do you guys think?
#1525
I don't understand the logic of that when they are such better plays elsewhere. What is your out on the up and downside? Most people that do these sort of "lottery" trades have no predetermined outs. Make sure you aren't one of them.
#1527
Originally Posted by 00S2K01S4,Oct 29 2008, 12:07 PM
I'm thinking of picking up a lot (20K or more shares) of Fannie/Freddie soon for a long term hold. I don't think they will go away but who knows what the government will do to them. What do you guys think?
#1528
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Originally Posted by PearlwhiteS2k,Oct 29 2008, 01:28 PM
I think it's a stupid move investing into Fannie and Freddie and hoping it'll bounce back to it's highs.
Good luck.
#1530
As I stated above, I was planning on holding it long term (> 5 years). I'm betting housing should stabilize by then and maybe even start heading up (sales). I can see it hitting $5/share in 5 years.