Fannie Mae-No Politics (FNMA)

[contrarian bull]

I think 5-months is optimistic. As slow as the courts go - I wouldn't expect anything that might move these stocks up until spring at best.

A delay is a win for Treasury. Yesterday was a huge loss - had they remanded back to the 5th it would have been a win. Now it's 50-50 that we ever get something. The court wouldn't have taken the case if they didn't think the Treasury's arguments had merit.

The other downside is the expected win for Biden. Democrats will turn fannie and freddie into nonprofit companies for the benefit of low income homeowners. With no future profits, ending the sweep won't matter.

My plan is to try to reduce my holdings 50% by the election. Yeah - I may fall out of that 100K share club. But I WILL buy back after all the bad news is in. Probably around Biden's inauguration. Maybe buy back at 1/3 the price - giving me triple the shares. Probably buy back in with a bias towards juniors since those won't require profits to go up.

Congrats ALONG4ZRIDE!


GO F&F!!!!

Back down we go. Dead money expected for next 5 months. Buy end of Oct beginning Nov when oral argument draws near.