Fannie Mae-No Politics (FNMA)

[Shark_Butt]

If you look at the chart for $FNMA there has been a steady uptrend for the past 7 days, with a healthy pullback today to $2.80 support (triple bottom in fact), which is both reasonable and customary given how long its been up recently. Conversely, $FNMAS had a strong pullback last Wednesday which lasted until the end of last week---so it doesn't surprise me that the preferreds are up today. In other words, the fact that preferreds are green today and commons are red has no bearing on the recent news this AM, which of itself sounds to me like we are maybe days away from further development on FNF being allowed to rebuild capital buffers. Especially when larger media outlets start picking up the story tonight/into tomorrow. In my opinion only, not investment advice.