Tuesday, February 26, 2008

TRADE UPDATE :FNM

Although I never hold trades over earnings I will have an exception here.
FNM short from 29.60 is now 27.00, I am taking 1/2off here as they have earnings tomorrow pre market.
If and that's a big IF they say something about bottoming of the mortgage markets I dont want to give aways all profits here. I still think this stock will be a sub $20 before it is all over.

Taking 1/2 off here +$2.60


Another WINNER!!!

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