Fannie Mae-No Politics (FNMA)

[techtrade]

IMO it'll probaby take a rest at .40 but longer term could easily see it going much higher. A couple of weeks ago I heard someone who predicted the housing bubble mess talk about how RE was bottoming, so I thought long and hard about the best way to play that. Then I thought about FNMA which I hadn't been in since 2009 (flipped it .30 to .90) and decided it was the best way to play it. Checked out the technicals, and BAM got my order filled at .22. Should be a fun ride. :)