Fannie Mae-No Politics (FNMA)

[BullishTaurus]

Roughly 478 million shares traded during these two "blood-bath" days, almost as much as the combined volume of the four days before the drop.

I think pretty much everyone who got in below $1 is trying to jump ship as fast as they can, hence the struggle to get orders filled.

The only positive I see right now, is that it bounced off the middle Bollinger Band ($1.55 area) today. We'll need more trading days to confirm this as a support level.