Fannie Mae-No Politics (FNMA)

[kthomp19]

The problem with this approach is that you're essentially trying to time the market. At any time a piece of great news could come out and leave someone on the sidelines in the dust. I'm sure it happened to more than a few people on November 9.

While we have a handle on when the executive can start helping our cause, the courts could rule in the meantime on the Perry appeal or the writ of mandamus. If those two happen and Mnuchin takes real steps to release FnF, we could have gaps up that never fill.

As for me, I bought in everything I was willing to this summer, so for now I'm going to hold. To me, selling and hoping the stock goes lower so I can buy back in isn't worth the risk of missing a big upward move: several of these are clearly on the table.