Fannie Mae-No Politics (FNMA)

[Pennyprof]

At first, I didn't even believe you could have bought it at .30, but after looking closely, it has back in Nov. 2008 and probably again but I'll take your word. That's crazy, because just a year before it was trading $80 dollar range and to drop that hard with little volumne in such a small space of time is....weird. Normally with dilution you'll see a little more vol. than I'm seeing on the chart. They are poor sellers of securities just like their mortagages.

The fact that it's been ridind along the 1.00 dollar +/- train for the last two years should be a reg flag. Especially when you remove instiutional investors from the equation after they delist.

I'm going to enjoy watching this one from the sidelines this week and just see what happens. Something isn't right.

And what about that reverse merger that could have kept them on the NYSE....I think the govt. is pre-planing a bk behind the scenes.

We'll see, good luck to you and everyone else. I still think there's money to be made here but if it does break .30 watch out for sure.