Fannie Mae (FNMA)

[contrarian bull]

Does anyone know the timing of the draw for fannie and maybe freddie? I don't recall hearing that it actually happened yet. I suspect people are waiting for F&F to go net worth positive again.

Two dates that will move the stock:

1. When the draw is complete or waived or declared unnecessary

2. When f&f each regain net worth up to the 3B limit allowed by treasury

When both of these are achieved I'd expect the stocks to reflect the net worth at a minimum which would be close to $3.00 per share.

unusual low volume for the past few days.