Fannie Mae-No Politics (FNMA)

[TII]

This is the best part...

Two long positions were negatively impacted, however. First, Netflix, Inc. (NASDAQ:NFLX) fell 21.1%, though the pain was mitigated by the fact that I’ve been harvesting profits all the way up (I sold as high as $433 in February; it closed yesterday at $353.03), so it was less than a 3% position at the start of month. Secondly, Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) retraced most of February’s 53.4% gain, dropping 25.6%. It’s still been a nicely profitable position since I established it in November – and I expect it will continue to be – but I sure wish I’d taken some profits when it spiked over $6 in early March.