zero for the year!!

Hard to believe I would be really excited to be at 0% gain for the year, but really I'm excited that I'm at 0% loss for the year. This is after one month of being up 12% for the year to -8% in less than a month and back to 0% today. The market this year has been a killer and I'm just happy to be breaking even, but I know that could easily change again. FNM and FMC are really a big part of the problem for me, but ATVID (Activision) has really come back strong and I'm not planning on selling any of it right now, even the FNM and FMC.

I wanted to do some profit taking on ATVI when it became more than 30% of my account, but now I'm looking at the future for them and I really want to ride it out a while longer. I know it is dangerous to have such a large holding, but I feel like it is one I know really well and I'm confident in it moving forward. I don't recommend following me in such a huge stake and I'm not sure I would buy more ATVI since it has seen such a big uptick in recent months. Be your own judge, but to me they are hitting on all cylinders and the merger with blizzard puts together two stellar companies.

How do you know an investment is probably safe...?

I don't know much about investing except buy low and sell high, but I do know one thing. When you see an article like this.

Fannie Mae posts loss, to cut payout, raise capital

And then the stock goes up 8.91% you are probably holding something that has hit bottom. Plus if it drops 20% the next day you are really only out 11.09%.

I'm kicking myself because I almost bought some more AMD, just a small amount (<1% of my account) and it went up today by 9.04%. Looks like I might finally recover some of my losses in AMD so my account is feeling good today, but as usual, tomorrow is another day and it'll probably be down again. It is really nice to have an account that I don't take too seriously.

Fannie (FNM), Freddie (FRE) could hurt U.S. credit rating

In case you are following me blindly, which I doubt anyone is since there isn't much traffic here, this is just to prove that this is all basically betting.

Articles like these: Fannie,Freddie could hurt U.S. Credit and Fannie, Freddie regulator sees perilous road ahead, still worry me, but if the U.S. has to bail out these GSEs (Government Sponsored Enterprises), which they would since they are "Government Sponsored", then it doesn't really matter where your money is (unless it's in Gold, Silver and commodities), it is going to hurt and hurt bad. My bet is that the home credit crisis has played itself out and these two companies are set to fill in some hug gaps left by some fallen giants.

This quote from the second article:

Their market share of total originations grew to 75.6% in the fourth quarter of 2007 from 37.4% in 2006, OFEHO said.

shows that they are definitely taking up that slack, let's just hope they are checking the credit and the paperwork of those they are giving the loans to. They couldn't be dumb enough to do what got them all into this mess, could they?