Fannie Mae-No Politics (FNMA)

[chessmaster315]

There wasnt really any Scotus News: The Supreme court had already told us they would resume (Collins) after October. And this "news" gave us a date for appearance before supreme court, but not a date for decision. It was actually later than I had hoped (December).

Investors have largely taken a "wait and see" attitude with FNMA because so many times the "boy cried wolf".

The answer: Patience. As Buffet would say, we know "WHAT" will happen (fannie will be released and shareholders will get compensation/damages, we just dont know how much), we just dont know "when" it will happen.

Take advantage of this and add to your position. Or, if fully invested, get a hobby for a few months. Dont keep checking the pot, a watched pot never boils.

I want to be suprised. When I log on, I want to see my fnma trading at double digit dollars, and then triple digit. Im not selling my shares. I will collect dividends, however. I may sell "a few", to buy something I really want, such as an RV for grandkids, but anytime during the next couple years is soon enough for that.