Fannie Mae-No Politics (FNMA)

[obiterdictum]

All is well as can be. Recents months have been busy here. Also, the until the past few days, there has been little trading interest and activity in the GSE except for that within a fairly small range established after the October 2014 drop. So not much to say or contribute. The board has it all well in hand.

The sudden climb is curious (all sorts of reasons can be given for it) and not altogether inspiring given the history of GSE trading patterns since the great fall in 2008.

Hopefully, a new range will be established in the coming weeks and months that is above 4.00 and that will place the stock price back on the track it was following in May 2014. Both common and preferred are doing well in the current euphoria. It is a wait and see to learn how long it will last...(e.g. shorts are getting squeezed at the moment, and....).

Naturally, if the court cases and political events go well and the 1st quarter earning reports are profitable (even under the 3rd amendment conditions), that range will not be an improbable future trading outcome and record. Still waiting on long term institutional holders to come aboard with significant numbers of shares.

No vacation here during the cold winter in the currently frigid north eastern region.

Enjoy!