Fannie Mae (FNMA)

[rekcusdo]

There is an old adage that says “everyone is an expert in a trend, but no one is an expert in a trend change.” (Or something like that). It basically means that when something is going up, and someone says “it will go up!” Then they can claim to be an expert, even though they are just reading the trend that already exists.

Along is always right when we are in a trend, but rarely when the trend changes. Kudos to him for being able to read a trend chart...but it doesn’t give him some sort of credibility in being able to identify where the stock is going long term.

And people would probably pick on him less if he stated his opinions with less arrogance.