FREDDIE AND FANNIE WHICH WERE BANKRUPT A FEW DAZE AGO...
ARE SUDDENLY THE HOT NEW DAYTRADE...ALONG WITH THE BANKS...
THIS COULD BE THE MOTHER OF ALL SUCKER RALLIES...
SPECULATION IN "CHEAP" STOCKS OF BANKRUPT COMPANIES...IS AN SURE LOSER FOR RETAIL SUCKERS WHO FLOCK IN FOR A "BARGAIN"... THE BARGAIN USUALLY IS AN 80% LOSS BEFORE IT'S OVER...
IF YOU'RE SMART ENOUGH TO DAY TRADE IT FINE... BUT LONG TERM THESE "BANKRUPTCY PLAYS" ARE FOR PURE SUCKERS.
WHILE SOME BANKS MAY BE OVERSOLD... IT IS NOT CLEAR THAT THIS RALLY IN STOCKS IS FOUNDED IN THE REAL ECONOMY'S PROSPECTS GOING FORWARD.
