Fannie Mae-No Politics (FNMA)

[Bodach]

April 19th. Next earnings is scheduled.

we may release the valuation allowance as early as the first quarter of 2013

That is from their 10-K this morning.

MMs seem to be playing games with that dollar mark. Perhaps they don't want certain institutions to start buying it up. Many of them have 1.00 minimum restrictions. We all saw what happened on the 21st when if SHOT right up to 1.47. Remember how TheStreet started immediately putting out negative press all day? The panic sell?

The (what looked like) institutional buying was pushed down by a panic sell, profit taking and shorting all at once.

Did you guys see the games being played at the 1.00 test level today? Ask being dragged down even with huge buying pressure? That dollar mark is key. Looks like MMs don't want it to happen if they can help it.

Accumulation.

A lot of amateurs in this. They know it. This PPS can sink right back down before the 19th.

It looks patently obvious to me that the conservatorship now has a timeline with an end. Speculation, yes, but that's how I see it. Why would Washington allow this 200 billion dollar lawsuit if they just wanted to use Fannie and Freddie as a piggy bank? They could just let the earnings flow in every quarter, and take the dividends. I believe they know they can't hang onto this forever.

Be smart. Play this well. Dips could likely happen. The 19th is coming. And... (Fannie Mae) may release the valuation allowance as early as the first quarter of 2013

GLTA longs.