Traderfan, FNMA- LOL good point. Gravity took over finally. But if a dream came true for shareholders (like the govt dropping the potential dilution clause) I think selling at $4-$5/share is still too low regardless of chart stuff. I don't really follow chart stuff so it is mostly meaningless to me.
It seems there's some bigger $ starting to play tug of war with FNMA and FMCC. Both sides. Pretty easy to make a decent case for both sides which is why I never let the position run much without trimming and took a lot of the position off the table under $1 (oy!). I could see the companies worth a fair amount more potentially and could see them being worth basically nothing too. And it is the govt that likely gets to decide LOL.
Not a secure investment at all IMO but has been quite a ride the last few days.
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled. -Temple of the Dog