Fannie Mae-No Politics (FNMA)

[davidam]

Keep in mind very big money is on this. It likely was shorted heavily and with all the profit on the table from recent big runs it was easy to bring it down. Then as it comes down you get panic sellers that begin losing money. Until the government cuts this loose there will always be a big unknown so I do not expect the stock to get valued properly until we know for sure what's going to happen. I see support at the 50mda of 1.37. I am not flipping bought in higher. Will continue to pick spots to add for the long run. It is my belief this company will be reborn again and the government will step back. If that happens then proper valuation occurs which is multiples higher than where we are now. Life changer potential. Best of luck to all will be a wild time here