Fannie Mae-No Politics (FNMA)

[adeezl]

He said he's loading prefs (probably FNMA-S shares) but as we know, someone has been loading heavily on commons. I'd imagine it's the same deep pockets hence the appreciation we've seen from the profit announcement.

We saw some hellacious volume going into today, we had 5 straight days of 100mil+ volume going into today. I'd say a lot are still holding as well the price held firm and settled down after the initial dump and runs.

Honestly I was short last Friday, but I wouldn't want to be short down here since it closed well above where all the shares were accumulated. This is the same thing that happened 3-21 as well, same durn candle.

2.25-2.50 massive buys slowed the selling and turned the corner. Hell any buy pressure could really put shorty in a world of hurt!