Fannie Mae (FNMA)

[PennMilitia]

GOVT doing Good Job !

I see the GOVT continues to do a...Good Job...at holding down the price of the stock both FNMA and FMCC.

This brings back some bad memories years ago when I was invested in CITI. IMO CITI and others associated with the company were holding down the price of the stock in anticipation of doing a 1 for 10 Reverse Stock Split. The stock was in the 3 or 4 dollar range and just would not move higher no matter how much good news was pouring in.

From what I can remember ( 10 years ago now ) they wanted to get the stock above 5 dollars for some reason or something and they needed the price up and said they had no choice but to do the Reverse Split.

Let me tell you here and now you don't want this no matter what type of story they are trying to convince you of.

First you get the Dear John Letter from the company informing you thru in the mail..well not really a Dear John Letter but you get the point the more you read of it the more you know your getting screwed over real good.

So they did the 1 for 10 Reverse Stock Split the stock shot up temporarily and then yes it wanted to go right back down to where it started at. Its a perception thing when this happens the Investors are all saying hey this stock should be at a lower price point than it is. In the end I had to hold this stock for years longer than I ever intended too ending up with only a very small profit.

Now Squid Boy is running his mouth again about the GSEs raising Capital. How about returning the Stolen Money 1st then we will talk about raising more Capital you little POS.

Only the Courts can put a stop to all this non-sense and yes like Navy has told us many times over the GOVT is going to have to be FORCED to give back the Stolen Money.