Fannie Mae-No Politics (FNMA)

[Bodach]

Feel like I could write a novel on this in trying to answer all your questions.

First off, yes. It's unpredictable. Most stocks are. Especially in the OTC world.

That said, MMs may want to keep this under a dollar because of what happened last time we got over the mark. See the chart on the 20th->21st of March. A lot of institutions have a minimum buy point of a dollar. MMs, in my opinion, want to accumulate shares before the price solidifies up to that point. Thus covering their short positions in the process at a decent cover price.

No one knows if the government is going to wind down FnF. They've said they would, but there are new indications every day that the timeline on that idea is going out the window. So we speculate.

How long until $2?... I can't answer that. Though, early May is a good guess. That said, pre-emption might be in order by the powers that be. Thus, it could be much sooner. If certain whales decide they want to short from that point, they'll want to drive it up sooner than later. No one knows.

Only went up a little bit after earnings because of A LOT of things. A LOT. It's too much to answer in one post. Stick around here and you might get a better understanding from the discussion.

GL

So if you guys would have to explain in simple terms to a new investor, what exactly is going on in FNMA right now? Is it unpredictable? It can go either way? Why are the MMs keeping this under $1 if they can make huge amounts of $$ if this drives up past $1? Is the government unlikely to wind down FNMA? I have my shares locked in at .55 and I'm planning to hold until this breaks above $2 . How long do you think it will take for the pps to drive up? After several good news? But why did this go up only a little bit after the reported earnings they just released ? I'm more of a chart reader than a fundamentalist. As you can see I'm a new investor. Thanks for taking your time in helping me out. And good luck!