Fannie Mae (FNMA)

[Clark6290]

Love the excitement but let's not get carried away

First week of Dec 17, FNMA traded high $2s ($2.89-2.97)

12 months ago high $3s - low $4 PPS

Now we have a bunch of folks celebrating due to a big move all the way up to $2.82??

Some folks are not realists.

FNMA was oversold and is simply retracing some lost ground. Hundreds of posts in a day cannot change the fact that FNMA is down for the year and down for the month of Dec.