FNM stock

[hostilehog]

bought a boat-load of these at 69 cents per share on a true gamble (thinking BHO wont let FNM go under). Seems to be doing well on latest economic news at was last trading above $1.  Wondering what the ceiling might be or when to get out? Dont expect to get to previous highs of $60, but even if it hits $5 or $10 going to  be a huge payoff when everyone else said stay away from this one...

Any chance for bankrupcty filings still on FNM or will BHO administration not let that happen?

[HotlantaHog]

Fannie, Freddie revival unlikely, WSJ says

The share prices of Fannie Mae (FNM) and Freddie Mac (FRE) have been rising lately but interested shareholders should give pause as both companies continue to have significant losses, according to the  Wall Street Journal's "Heard on the Street".  And Fannie said it will need more billions more to stay afloat. It's also not likely the U.S. will get back all of its $85B of taxpayer assistance. The possibility remains that they could be wound down at some point.

http://online.wsj.com/article/SB124961038125713321.html#mod=todays_us_money_and_investing

I'm no expert on this stock, but YES there is a chance the shareholders could well get wiped out. It won't fail in the sense of disappearing, but whether shareholders will lose all is another question.