Day Trade Alert: Unbelievable Move at Aggie Mae (AGM)

Posted in General 
October 1st, 2008

Federal Agricultural Mortgage Corp. (NYSE: AGM) , or Farmer Mac, is seeing an almost unreal move up this morning. The company has been against the ropes and is down over 80% from highs.  This morning it sold $65 million in preferred stock, but as we noted at 24/7 Wall St., it comes at a very steep price.  It also named a new President & CEO.  Shares are up over 45% at $6.00 on fairly thin trading volume.

Jon Ogg
October 1, 2008

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