Fannie Mae-No Politics (FNMA)

[big-yank]

Desperate shorts with margin calls start to talk gibberish with no reality or facts to challenge disciplined shareholders in Fannie Mae, be it common or preferred shares. I stated in early November that shorting Fannie Mae was a suicidal investment strategy.

I remain equally convinced of that, today. You can day trade a short for quickie gains, but to sustain a short position now is a fool's errand.

JMHO.

Disclosure: long FNMA, FMCC & FNMAS