Fannie Mae-No Politics (FNMA)

[SynthTrader]

I seem to remember a lot of the same discussion back in March, which is what fueled that initial run. I think that when she consolidated and then made a strong move over $1, the bigger fish were ready to join the fray. Thus the increased volume.

I do think that any move as big as what we saw-- .85 to 5.44, will be followed by some level of consolidation because there is a lot of profit to be taken here, and once the profit is taken, I'm betting those same big fish buy a larger number of shares on the pull-back, so they can ride it again. Wind it up

If this were any other, standard OTC stock, I'd figure it was ready to drop down to where it started with a few bounces along the way...but we're talking a multi-billion dollar company...not a guy in his garage promising to find gold in South America.

Thanks for the chat! Happy trading!