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Fannie Mae: Ouch!
Posted By Barry Ritholtz On November 20, 2007 @ 10:16 am In Corporate Management,Credit,Derivatives,Earnings,Short Selling,Technical Analysis,Trading | Comments Disabled
The emails from numerous readers were fascinating. I learned some things about my ancestry that turned out to be less than complimentary; I got to imagine several hypothetical yoga positions that, unless one is amazingly flexible, appear to be impossible. I was also informed that I had no insight whatsoever into "how the trading of stocks works." Oh, and, it turns out that according to one emailer, I am "f$%^ing clueless." My favorite was the one suggesting I should get cancer and die.
The closest thing to legitimate criticism came from B, who this morning noted it was "better to be lucky than smart."
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For those people who are still interested, despite the myriad of issues with my ancestry, intellect, and "f$%^ing cluelessness," I believe covering half of any short positions today is the prudent approach to such an outsized move — 10 points in 2 days . . .
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2007/11/fannie-mae-ouch/
URLs in this post:
 Fannie Mae Looks Like Hell: http://bigpicture.typepad.com/comments/2007/11/fannie-mae-look.html
 weekend linkfest: http://bigpicture.typepad.com/comments/2007/11/pre-thanksgivin.html
 Image: http://finance.google.com/finance?q=FNM
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