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Strategies & Market Trends : Freddie Mac (FRE) pops the housing bubble

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To: John Carragher who wrote (12)9/2/2003 1:35:34 PM
From: KeepItSimple  Read Replies (1) of 50
Looks like the big boys are heading for the exists with FRE and FNM- doing their usual pump and dump right at the end of the game. If you're new to investing, and can't figure out what this message means, then maybe you should ask yourself- why would Merril Lynch give free advice to the public? Do you think there is a law that says they have to start buying stocks they tout to the retail investor? Do you think it is illegal for them to be DUMPING stocks after they say "strong buy" to the public investors? Do you think they tell the same thing to their wealthy private investors who let them handle tens of millions of dollars?


Nuclear shorts deployed. These pigs are going down.


In the financial sector, Merrill Lynch upgraded the shares of mortgage lending behemoths Fannie Mae (NYSE:FNM - News) and Freddie Mac (NYSE:FRE - News) to a "buy" from a "neutral" on belief that the stocks have bottomed out. Freddie put on 1.1 percent and Fannie added 3.1 percent.
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