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FRE and FNM for August 11

Posted by StocksNoob | Stock Picks | Monday 10 August 2009 7:10 pm

FRE was up 128% today and FNM was up 51.52% today. These stocks are on fire. They are still soaring after-hours.

I didn’t have a lot of money in my Zecco account handy today, but I managed to buy 2000 shares of FNM at $0.91 per share.
As of this writing the FNM shares arer trading at $1.21 per share.

So as of now, I have already made a profit of $601.80.

I know this is a very small amount for serious investors and not worth mentioning, but still not bad profit for a day’s trading.

profit of FNM
Fig: My FNM position at Zecco

Watch out for these stocks tomorrow. I would recommend them as a “buy” if you can get them during their “dip” (lowest price tomorrow).

Let me know if you made any profit out of Fannie Mae or Freddie Mac.

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