Wednesday, February 27, 2008

WOW-:FNM

Futures are now down pre market due to Fannie Mae (FNM) disappointing earnings. The mortgage giant losses amounted to 3.6 BILLION for the quarter.
HMM, thanks goodness we short FNM :)

currently trading $25.10, over $4.50 profit since the trade call on February 20.

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