Wednesday, November 28, 2007

Freddie Ramps! As advertised

Freddie Mac traded down to 25.5 late yesterday on the news of the dividendend cut an dthe preferred. What's the stock doing today. Up 4 dollars!

Freddie Mac (FRE 26) options are a good spec at these levels. FNM is starting to bounce, and speculators will play a bounce in FRE with options. The stock was already downgraded by Goldman Sachs today and it seems to have found cautious buyers at these levels.


Anonymous said...

House of Cards!!!

Palmoni said...

But it's a stacked deck!

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