Fannie Mae-No Politics (FNMA)

[JosephS]

Technicals look terrible. Volume down. Price slumping. The lack of interest is apparent. Maybe it’s going to change in the next week or two but right now the trend is lower.

If we see it rally to 92 cents on heavy volume over 4-8 trading days, I would change my mind. The slow drip will continue from here until it doesn’t.

Risk/reward heavily favors preferred over common. I own zero common and plan to buy zero in the future (unless or until we know a share count)

Not a recco