Fannie Mae-No Politics (FNMA)

[FOFreddie]

Mr Market is very, very, very, very tired. More sellers (including short sellers vs JPS) than buyers. I havent bought anything for a long time - just waiting. If you are a trader do you trade from the long side or short side. Navy seems to keep a core position and sells rallies - probably the way to go. THis is going to be a tough hold for another 2 to 4 years as the overhang of new shares works through the market - in the end the tax basis of many of us weary shareholders will be very close to the dividend we will receive each year.