for an easy chart:
http://makemoneyathomeadnetwork.com/link/fanniemae
(an easy way to cut a 120 character url to fit)
do we see it?
would friday have been an intersting day to trade into accumulaton?
http://makemoneyathomeadnetwork.com/link/fanniemaefriday
is 5/8 gone? maybe… i’d be keeping some limit orders in place there.
Several limitorders. and if any filled i would set them as limitsells @ 13/16.
and reload.
the numbers i offered here a few days ago still stand, even if they have generically moved up 1/16 already.
Some years ago, an associate from Philly msg’d me in a yhoo stock chat room…how can you make any money buying stocks where a 1/16 is a big move? my answer? u buy lottttssa it.
negative notes: kuwait cancelling deal with dow. israel/hamas. life in general.
Sir John Templeton: “I buy when there’s blood on the streets.”
positive notes: fnm taking possession of rent houses and maintaining good renters in place, thereby giving itself a little “real” cash flow, which will probably become value add to potential seculative housing buyers.
who wouldn;t pay a little more for a distressed property if there was a solid record of rents rec’d?
the 20% decline for Christmas sales (excluding food purchases, which were used to create a 4% drop) in retail etc indicate debt reduction and cash accumulation, since 20% is (so far) above the drop in payroll $.
t/a people of my trianing would be getting warm feelings over those 2 charts.
Marl Mobius (successor to Sir John) :”I cum when i see blood on the streets.”
ok. thank you for sharing…using limits and pullouts for a condom, fannie mae appear to be evver so worth buying a drink..and some money in the juke box.
Posted under business
This post was written by admin on December 29, 2008
