Thursday, May 9, 2013

The market is getting interesting...

Today for a brief moment Fannie Mae (FNMA) and Freddie Mac (FMCC) were both up about 11%, this on top of the 20% they both rose earlier in the week. They're trading in the $.90/share range, this past week they posted some crazy, multibillion dollar profits so I think they're about to do some serious long term gaining. I may pick up some more. And interest rates are creeping up too.

Looking at one portfolio, everything (except Facebook) is up at least 14%.  Facebook is down 4% and in serious danger of getting deleted.  As for the others I bought this past week, AMD is up 8% already, but ArQle (ARQL) and LDK (LDK) are both down about 4% and 7% respectively.  Yes, they are about to go on the chopping block.

From time to time I do read what others think. Saw this article and will be keeping my eye on Citigroup (C)now. Why? because they're up about 50% over the past 6 months.  The Dow hit an all time high this week. I think we have at least 3-4 years of nothing crazy, so it's time to really start pulling some levers....

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