Fannie Mae-No Politics (FNMA)

[obiterdictum]

Hi Obit, thanks a lot for the insight.

You are welcome. Sorry for late reply. Ran out of free posts.

What do you think about the high volume blips we've seen throughout the day? We've seen 700k orders happen in a minute and several other 100k+ orders happen on almost zero price spread. This is really suspicious to me, and I'm wondering if it could be a big player exiting their position.

Thanks.

There may be different trader players than usual. The significant big player in commons with a long position is Ackman. If he exited, that will be known within a few days since he must report the change. The pattern of scrupulous investors, individual or institutional, is not to make large and erratic price fluctuations upon entry and exit.

Could be some new and/or old traders and market makers making hay with the volatility, uncertainty and new retail investors/traders in the market that came with the Mnuchin confirmation hearing (19th), the inauguration of President Trump (20th), the gradual establishment of the new administration, the court cases and the continued or heightened speculations about the future status of the GSEs.\, the smell of a quick buck.

If the share price ascends to be between $3.90 and $4.15 by next Friday without less intraday volatility, a higher RSI (55-60) and without too much political or legal news, the chart will seem back on track with market makers working it at $4.00 valuation and making profit on the spread by walking the price down and up a few pennies from that price. Otherwise, we could continue to see erratic share prices.