This morning FNM and FRE up both up in pre market.....but thats not really saying much as they were sliced by 80% yesterday after the government bailed them out.
FNM is .88 up 21%
FRE is $1.00 up 14% in pre market trading
You buy these when they break their High of Day and you sell if they break their Low of Day. This is the only way i'd be trading these. Take profits quickly, don't be greedy!