Fannie Mae-No Politics (FNMA)

[lushka]

Not sure I entirely agree. On Monday and early Tuesday( before Watt's statement and Hensarling's comments) the stock (FNMA) was up 31 cents to 3.28and volume was way up 228% over the 50 day average. After his comments the stocked dropped then rebounded to close the day wherein started and up 222% on average volume.Wednesday reality hit in and the stock was down 6.3% (20 cents) on strong volume (94% vs. 50 day average) suggesting a reaction by institutional players to Watt's comments and that there were no immediate plans for "relief" by the FHFA and that he was leaving the job to Congress and the Treasury. Thursday was a day on consolidation. Watt's comments pertaining to the timing of "relief" are now old news. The stock correspondingly was unchanged ,with average volume and very low volatility (10 cent) range. But Friday was a different day!Volume was again up (25% ).and the stock was up 12 cents (4%), with 75% of the final rise after 3 pm,on strong volume, which is unusual for a Friday before a weekend.The pattern of events strike me as unusual if strictly related to Watt's statements!