Bankur.com - Personal Finance and Investing Advice » Stock Market Tips http://bankur.com Educating the Masses on Personal Investments Sun, 14 Nov 2010 05:57:15 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 FNM and FRE Two Very Popular Trades http://bankur.com/fnm-and-fre-two-very-popular-trades/ http://bankur.com/fnm-and-fre-two-very-popular-trades/#comments Thu, 03 Sep 2009 20:08:57 +0000 Banker http://bankur.com/?p=241 Recently the stocks for Fannie Mae and Freddie Mac have become some of the most popular trades on the stock exchange. With incredible recent gains it is no surprise that a lot of first time investors are trying to get involved. It is no secret that we are in the middle of a recession, the only question is when it will end and how fast the upswing will be.

FNM FANNIE MAE 1.62 3:49PM ET

Many people are more familiar with Fannie Mae and that seems to be one of the driving forces behind the investing, with the government having bailed out the company, many investors feel that the risk has been limited, and at current value Fannie Mae is a real value.

Fannie Mae did experience some early loses during the first couple days of September, and many analyst are claiming there is no real value left in the company. With Fannie Mae having risen to over $2.00 a share last week and then closing at only $1.37 on September 2nd, Fannie Mae was headed for a rebound.

That is what happened today, Fannie Mae already had a volume of 9.5 million shares at 9:30 AM EST, and a quick increase of 13% making FNM one of the hottest day trades on September 3rd, And all of this took place early in the morning, with big increases to continue throughout the day.

FNM closed at $1.63 +0.26 (18.98%) for the day, making it one of the biggest gainers all day.
Looks like a great stock to get involved in and the volume being traded is just massive, it has been for over a week one of the most traded symbols in the stock market.
]]> http://bankur.com/fnm-and-fre-two-very-popular-trades/feed/ 0