Sunday, August 17, 2008

What To Do With Fannie and Freddie ??

Barrons is out with a doomsday scenario on these two embarrassments. I posted a while back what I thought of these disasters. If they are capable of a zero bid or close to it, the put options could be a very interesting lottery ticket. Of course the options too could become zero bid and of course the stocks themselves are priced like options but I may consider a flat out spec in he Jan. puts. Just thinking out loud.


About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.