Fannie Mae-No Politics (FNMA)

[mikar]

Nothing has changed since the stock ran to 5.40. The common shares are just as worthless now as then. However, the law suit makes a very strong case. With people like Ralph Nader now in FNMA's corner, the law could start helping the stock significantly, imo.
All the recent news releases, except for the lawsuit one, have been negative. If one positive news release comes out about the future of FNMA, FMCC, it's off to the races again.
The BB is the Wild West so the shenanigans will continue.
Technically, the stock is in a very strong support area. A break of the 50ma (1.37) would likely send the stock back to a 1.00 imo.
GLTA