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   Strategies & Market TrendsFreddie Mac (FRE) pops the housing bubble


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To: KeepItSimple who started this subject6/12/2003 11:07:39 AM
From: John Carragher
   of 50
 
is this a buying opportunity.. understand they with held reporting income...

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To: John Carragher who wrote (2)6/12/2003 8:51:41 PM
From: KeepItSimple
   of 50
 
sure, it's a buying opportunity- for FRE puts!

where there's smoke there's fire- and this company is a big paper bag full of burning dog feces.

eventually, everyone will realize it- but right now many people are in denial and the puts aren't that expensive. the options-writers STILL haven't adjusted the prices upwards to take into account the new volatility..

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To: KeepItSimple who wrote (3)6/13/2003 1:32:35 AM
From: kahunabear
   of 50
 
biz.yahoo.com

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To: KeepItSimple who wrote (3)6/13/2003 7:15:14 AM
From: John Carragher
   of 50
 
Never did puts can you give an example of ordering a put... does in come in 100's 1000's... I assume I cannot buy one in an ira..? or maybe I can... how do you go about value est. thanks
if too much to explain.. I understand... there are put sites..

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To: John Carragher who wrote (5)6/14/2003 12:18:22 AM
From: KeepItSimple
   of 50
 
if you're asking those sort of questions you have no business playing the options game- you will get your ass handed to you by the pros.

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To: KeepItSimple who wrote (6)6/14/2003 8:03:25 AM
From: John Carragher
   of 50
 
I was following your suggestion and thought I was keeping it simple.. ggg Have a nice day.. ya hear.

ps up $3. today.. one broker upgrade from sell to buy.. target in 12 mo.. $60/70.

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To: KeepItSimple who started this subject6/16/2003 11:39:05 PM
From: pass pass
   of 50
 
I believe this will require a lot of crisis management but they will keep it really really really quiet and make it look like a non-event, especially during the election year. I cross my fingers. If this fire doesn't get put out magically, I cannot even imagine.

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To: pass pass who wrote (8)6/20/2003 9:20:20 PM
From: KeepItSimple
   of 50
 
Woo hoo! Today the SEC started probing Freddie Mac because it turns out the executive staff was dumping their insider shares hand over fist just days before they were all fired.

marketwatch.com

Folks, you're going to have to face the facts. This company is nothing more than another Enron or Worldcom. A company that is based on defrauding public shareholders is doomed to collapse eventually.

Freddie Mae might last another few months, but just like Enron and Worldcom and all the dot.bombs, this stock is headed to zero.

The only bad part is that YOU, Joe Taxpayer, will have to pay every penny of the bailout costs when this fraud of a company DOES go under. Isn't that lovely?

Short to zero, folks. Short to zero. I've been noticing a LOT of activity on "longshot" put options with FRE.. Looks like quite a few people in the know are placing their bets ahead of time that this company is a goner.

Also a half-dozen class action lawsuits were filed today, accusing the company of racketeering violations and fraud. Why does this story sound familiar? Who out there is holding up the stock of this scam? The fed? Think they're planning a LTCM bailout plan to keep the entire home mortgage bubble alive for a few more months?

biz.yahoo.com
Chitwood & Harley Files Securities Class Action Suit on Behalf of Purchasers of Federal Home Loan Mortgage Corporation Between April 18, 2000 and June 6, 2003;

biz.yahoo.com
Wolf Haldenstein Adler Freeman and Herz LLP Commences Federal Home Loan Mortgage Corporation Class Action

biz.yahoo.com
Spector, Roseman & Kodroff, P.C. Announces Class Action Lawsuit Against Federal Home Loan Mortgage Corporation -- FRE

biz.yahoo.com
Emerson Poynter LLP Announces Class Action Lawsuit Against Federal Home Loan Mortgage Corporation -- FRE

All of these were just the ones filed TODAY, after the bell.

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To: KeepItSimple who wrote (9)6/21/2003 8:29:59 AM
From: John Carragher
   of 50
 
on the other hand some reports say they have done nothing wrong... suits can be filed all day all , it is another thing to proceed through the courts to find damages...

Two accounting firms came up with different explaination as to how the gains should be booked.. There is no enron here.

I jumped in and bought at $50 and $47. looking forward to a nice return when this settles down.

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To: John Carragher who wrote (10)6/24/2003 1:25:03 AM
From: pass pass
   of 50
 
according to Yahoo Finance, FRE has 3400 employees and a market cap of $34 Billion. Ebay has 4000 employees and a market cap of $32 Billion. You think FRE is undervalued?

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