Fannie Mae-No Politics (FNMA)

[wil318466]

We've been holding 1.50 for a while now. The last few days have been exactly in line for the last two weeks or so. It drifts down into the low 1.40s and then pops back up to around 1.50. So, nothing has actually changed as far as price goes.

So, we are effectively in a holding pattern as long as we stay right around this 1.50 range. No need to get excited yet. Personally, I'm content with the price staying stable. It makes sense that this is a "wait and see" type of situation. I just hope we all wind up saying "I told you so" a few months from now.

If worse comes to worst, we will have to wait until after the midterms, so realistically that would mean February of 2019. It's the 3rd week of June now, and I've been in this damn investment for around two years now, another 7-9 months won't kill me.

Of all the things in this world I dislike, waiting is the one that annoys me the most. But in the stock market, patience is rewarded. So, I'll wait. This is the biggest gamble of my life, I'm either making a large amount of money or I'll just lose 115,000 dollars (hopefully not). It's worth the risk.

Hang in there, boys. Good luck to us all.