Dragon's Corner

[dragon52]

FNMA still on the hunt...

Positive growth in the last 5 qtrs...

$59 Bln to the treasury late this month...

profitable qtr report coming again as housing prices rise and loans are still being done...

government cannot hold down a business too much longer when it is making money...

they (government)needs to either break down the GSE (which would make them look like idiots at this point) or release them from conservatorship (which will rocket the stocks in all categories - common and preferred; but they cannot keep it in limbo forever.

FNMA is on track to give back as much as it borrowed, faster than its scheduled to.

IF you like to gamble... and most do (why one would trade stocks... lol) this is not so much a long shot but one that has a huge potential.

glta

ps - and yes I did flip this from .80 - 5.00 and got back in.... riding it now.