I took a gamble and bought 1000 shares of Fannie at 0.95 a share, because I don't think either party has enough political will to lose them. They are a pretty valuable tool to use without congressional approval.
I'm waiting for IBC (Hostess/Dolly Madison) to get out of bankruptcy in February and buy their stock. I'd gamble on GM if I knew Congress was going to help them out.
Big Stocks Under a Buck [View article]
Big Stocks Under a Buck [View article]
I'm waiting for IBC (Hostess/Dolly Madison) to get out of bankruptcy in February and buy their stock. I'd gamble on GM if I knew Congress was going to help them out.