WHY IS FNM GOING UP?
Feds recently announced they are buying $100 billion, yes BILLION, worth of debt from FNM and FRE. They also announced they are buying $500 billion in mortgage backed securities. What the hell does that mean? It means FNM and FRE are to become profitable again.
Additionally, there's been rumors of the feds reversing the 80% stake warrants in the common shares, which if does happens will propel this stock to $7+ and even $10+. When FNM/FRE becomes profitable again, this stock is going back to the $30+ level.
This is how millionaires are made. Instead of bashing so you can buy at a lower price, why don't you get some balls and buy some now because this ride is far from over.
