Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Let's hope this isn't another Lower High for FNMA. We still have a ways to go ($2.75) before we break that stigma.

This might just be another irrational exuberance pop setting up the Short Sellers to get a great entry price.

We know Jr. Preferreds want Commons low for the upcoming Conversion. And Berkowitz and Paulson are actively shorting Commons to help their exchange rate.

It will be tough for FNMA to hold any meaningful gains with all of the pressure mounting. Not to mention there will be those that have finally learned to Sell the Pop knowing FNMA Always Drops.