Freddie and Fannie dabble in penny stock territory
This morning’s first half hour of trading was a wild ride.
I watched shares of Freddie Mac dip to $0.88 and rise to $1.63 within a 10 -15 minute window. It is easy to say I should have bought and quickly sold at the above prices. But, as the saying goes…shoulda, woulda, coulda.
Hindsight is 20/20. I predicted a tumultuous market for these two but, no one could have predicted this range.
You have to have a tough stomach (or cash to play with) to participate in this kind of madness!
Tags: fannie mae, freddie mac, penny stockRelated Stories
POSTED IN: Corporate, Investment, Market, News
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