Fannie Mae-No Politics (FNMA)

[detearing]

DOJ Eric Holder came out with an angry tone to stop the American Airlines merger. AAMRQ tanked 50% within a half hour...5 to 2.5. I had loaded a ton under 40 cents. I doubled down betting against the government. Cashed out around 28.

My point is that my bet was on Ms. Justice. She triumphs over even governments and their foolish decisions.

From what I know, FNMA FMCC will be biggest distressed stock wins of my lifetime. This is a long hold, much longer than everyone would like. Big guns still holding to my understanding....and I continue to hold a ton.

This is not my biggest holding in my portfolio and I plan to add more depending on pos and news.