Fannie Mae-No Politics (FNMA)

[bmp152]

I'm not a technical analyst or even much of a trader. But simply look at the 3-month chart. This thing is mirroring that March run-up and sell off pretty well. I see this getting beat down to the low 1.30s over the next few days, then we trade sideways and upwards until the end of July to about 1.60s. Upon earnings, we take off for the third run to around $8.

I think we're in the beginnings of the "second dip" phase that occurred on April 03-12. It doesn't look like a huge dip on the chart but was ~30% decrease. If you believe algorithms are controlling this chart, alongside news, then either flip some shares now or hold on tight until August.

I could very well be completely wrong. This message is pump-free. Just my personal opinion.