Fannie Mae (FNMA)

[Clark6290]

FNMA holding steady since 27 Jun. Just to recap the slide from $.74 cheapies: 1 Jun $.74; 6 Jun cheapies available at $.67; cheapies way cheaper on 13 Jun $.55; and 21 Jun cheapies lose 5 pennies and start the week at $.50. Now both 27 Jun and 5 Jul these cheap cheapies are available for $.46.

All is not lost, since the 1 Jun close at $.74, only down 38%. The bad news, to get back to $.74, FNMA requires a 61% gain.