Fannie Mae (FNM)

Wow I Finally bought my 1st shares of Fannie Mae (FNM) shares today!
I have been following this stock for a long long time and I decided TODAY was the best time to buy!
I was really lucky I bought my shares for $1.80....just like I did FRE last week
I was worried I had missed out since it has been steadily climbing day after day.
My Dad has all of his retirement in FNM stocks and he was getting a little worried, but this morning I told him "Don't worry Pa, it's gonna be OK. FNM is getting of conservatorship and you will start to get your dividend checks very soon."
And it can't be soon enough! Ma needs a new hip. She broke it about 10 years ago after test driving a Pontiac Aztec..... It was just too low to the ground for her...
So anyway... to make a long story short... I cashed out the rest of the remaining equity line on my house last week and bought shares.
Never mind that I am underwater on my first mortgage (damn interest only loan):
but I figure with what I make off these stocks, I will be just fine.

My broker wasn't too thrilled and he actually tried to discourage me...
I am guessing he just didn't want them to get in on a good thing!
I mean come on....he works behind a desk at a bank... and not a very good bank either (formerly WAMU) so what does he know! ABSOLUTELY NOTHING! He told me the same BS last week about FRE!!!
So the way I am figuring.... by the time this stock soars I will have made enough money to buy me a 2010 or 2011 Hummer H4! It's higher off the ground, so Ma can get in it easier (on account of her bad hip). I am just happy gas prices are back down below $4 a gallon FOR GOOD now too...Thank you Mr. President for putting a STOP to speculators in the stock market!
I am just SO proud that I was able to get in on this deal of a lifetime........gosh.... I just don't know what to do next.....Maybe buy a time-share in Detroit…..or double down on GM stock?

government will do everything in power to not let fannie or freddie fall. I have shorted this one and freddie forgood gains, now reversing the trend.

Fannie Mae? What a dumb name. We had this girl named Fannie in my second grade class, she had a ginormous a$$. Think about all of the crap she had to put up with.

Seriously - how can a company leveraged out the wazoo like Fannie even be traded on any exchange? Their "assets" add up to a bunch of freaking IOUs that nobody has any intention of paying back. Watch this one bounce, and then hit hard as Hank Piddy bails them out sending them crashing to $0.

There is just too much upside potential. In a market economy like this, the risk is worth the reward. They may never be another buying opportunity like this in our lifetime. I bought shares in RL just under $2, and I am confident that I will be just fine short term and long term.

I dislike the whole idea of the company. In a nutshell, they mortgage houses to people who can't afford them. Huh??? That said, big brother Socialist won't let it fail. There is just no way. When they (the socialist party) announce that they have approved the bailout, (and they will approve the bailout) the shares should jump significantly.

With the government lifting the cap on mortgages that they can buy, and reducing the reserves on hand to cope with losses, I believe this company has a lot to lose in the coming year.

Unquestionably, Fannie Mae has been through the ringer: earnings restatements, CEO resignation, governmental inquiries. These less than trivial concerns have driven the stock price low. However, as is often the case with companies subject to increased scrutiny and accompanying overactive speculation, the long-term picture may not be as bad as it seems. Ultimately, FNM sits on a huge pool of assets--there's a lot of value to be had there.
Fannie is in the business of making home ownership accessible to the lower-income masses. In the long term, I see growth in housing to be strong if dotted with occasional bouts of weakness. The best consensus is that the feds will permit Fannie to operate with tighter restrictions on the management of their mortgage backed securities. Further, the new CEO Mudd has stated his preparedness to do the tough work required to right his ship. I think his forthrightness will be well-received as the harbinger of new era of transparency for Fannie.

This stock was picked by TMF Humasami.

FNM has taken a beating, for sure, and no one knows what the regulatory framework is going to do. But they provide an essential service in the marketplace, and they seem reasonably priced to me.

Late to the party because I've been scared of a bailout. Now that the bailout plan has been better defined, I'll jump in while I still can.

A short to zero is still a short to zero in CAPS, no matter the entry price.

bankruptcy charm here I come!

If no one can short this stock, then it should go up.

Any other stocks are just too risky to own and hold!

This stock is gonna make me an All Star!

40% OFF SALE from already discounted prices. Would tempt anyone to a department store, so why not? Traded average daily volume already in premarket. One's panic selling is another's bargain. Stay tuned for a few years.

The US government has been destroyed by Bush and Co. Nuff said.

Government bailout

Can't be allowed to fail. Must be privatized again. Can't be privatized at this price. So must go up. Right?

OK, it's going to be hard to underperform the market in the near term, but FNM and FRE are bid up on pure speculation that they will be worth something, to someone, at some point.

Obviously the gub'ment isn't going to let these two entities stop doing business. But the idea that common stockholders are going to receive anything at any point in the future is absurd. After the Fed, the senior debt holders and the preferred shareholders, what on earth is going to be left.

Having said that, there's a lot of momentum driving these two up and down. With short selling banned in these stocks they downward pressure is off, but look for that to reverse in the coming weeks (assuming the ban is eventually lifted.)

I'd be a buyer below $.25 in the near term, and a seller above $1.50.

Needless to say, Fannie Mae and Freddie Mac are the major players in mortgages real estate. The current economic recession and collapsed housing markets was a result of the simultaneous combination of many factors. These companies are still and will remain crucial to the future economic recovery, and strong enough to weather the current storm. Though they may never regain their full former strength, look for an upswing in stock prices in the next few years, as a new administration steps into action, with full recovery in five to ten years.