FRE to the rescue

I bought FRE on 04/03/2008 and 04/10/2008 at 27.72 and 24.80, respectively the stock closed friday at 27.94 up 7.38% from Thursday. I am writing this blog because of Friday's run up in the stock due to there March monthly portfolio holding, the government-sponsored enterprise said it entered contracts to buy $43.5 billion in loans last month, sharply up from $14.8 billion on February and the most since July 2003. I am concerned however with its rising delinquencies in single family homes. FHLMC or Freddy Mac delinqencies increased to 0.74 percent of the loans in February, the most since November 2004, from 0.43 percent a year earlier. On the other hand, FRE make has been trading predicably between its upper and lower bollinger bands( a common overbought or oversold indicator). Next week investors will be watching the GDP, Consumer Confidence, ISM Mfg. Index, Factory-Orders very closely to gain confidence going forward. FRE make will be at the whip of these numbers next week to see if it can hold on to this gains. I imagine the slightest negative news will automatically induce some profit taking. I will be watching the Dow and S&P Futures and have my finger at the trigger gauging if I will place stop limit orders on FRE and other postions.