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Freddie Mac Stock...What should I do with it?
Posted on 11/5/13 at 4:51 pm
Posted on 11/5/13 at 4:51 pm
I've been hangin onto about 5000 shares of FMCC at 1.80 per. For the last year it's been well under a dollar except for one day it hit $5 and then fell back down to under a dollar.
Currently trading at 2.23...Any thoughts on what is going on within the last week+ to see the rise?
Of course I would like to put my money where it will benefit me most.
TIA
Currently trading at 2.23...Any thoughts on what is going on within the last week+ to see the rise?
Of course I would like to put my money where it will benefit me most.
TIA
This post was edited on 11/5/13 at 4:56 pm
2
Posted on 11/5/13 at 7:22 pm to sugatowng
This may be completely wrong so take this with a grain of salt but:
Basically my understanding is if it goes back to being what it was pre-2008 its stock will skyrocket, if it goes private the stock will be worth pennies. I would imagine anything pointing toward it not going private would cause the stock to rise a good bit, probably what caused it to go to $5 before.
Basically my understanding is if it goes back to being what it was pre-2008 its stock will skyrocket, if it goes private the stock will be worth pennies. I would imagine anything pointing toward it not going private would cause the stock to rise a good bit, probably what caused it to go to $5 before.
Posted on 11/5/13 at 9:01 pm to yellowhammer2098
Why would it go down if taken private?
Posted on 11/5/13 at 11:15 pm to sugatowng
This was one of Peter Lynch's mega-bagger stocks back in the day. Fortunately for him, he cashed out and retired way back then. 
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