Fannie Mae-No Politics (FNMA)

[contrarian bull]

even if you buy at 2.6 like i do, and sell at 3 + , at minimum you make 24 % each time

Similar to my strategy... I buy on a 20% drop, sell on a 25% gain. But at various price points.

Problem is - doing this for a while and due to FIFO accounting, I have run out of my pre-Conservatorship shares which had HUGE losses. Now I'm selling my 29 cent shares. Ouch on April 15th.

Maybe Along4Z will be right and I'll have some nice losses to offset these gains like he does, but I fear my tax liability will just keep going up.