Fannie Mae-No Politics (FNMA)

[Cash47873]

Agreed, and if you look at the Edgar filings these big players have to file their ownership positions with the sec. Compare that volume of shares by hedge funds including the $500m buyin of yesterday.
Can you say shorted to death? I agree with you, this smells like a big ole bear trap getting set. In addition to cleaning out those bears it does a nice job of clearing out weak retail money and flippers.
I would also not be surprised to hear that some deals between hedgies and mms were struck to grab shares at more affordable prices. Lots of ways to skin a (scaredy) cat!