Fannie Mae-No Politics (FNMA)

[Sogo]

Thanks obit for taking the time to reply and for offering some very well-worded views on the various tangible and intangible market forces.

It's very helpful to continue learning more about the whole spectrum of different psychologies and tactics among the different players in the market. I'm way up on some of my shares and way down on others. Not much powder right now with which to flip but generally I'm long, with a willingness and desire to flip a portion of my holdings along the way. I'm probably like many others who are preparing their plan A, B, and C for August.

For anyone who bought at the top during the last run, don't panic quite yet. There's a chance we'll get much closer to your entry price when August comes around. There's a chance we'll surpass it. Average down if you can, then Watch the developments carefully until August, and come up with a plan A, B, and C for exiting or adding if that's your thing (or both if you just want to reduce your exposure to fnma but still have a long view). News can come anytime, but earnings time usually results in some anticipatory pps movement before the announcement. Often, traders sell on announcement days (buy on rumor, sell on news). So you might want to sell a good portion during the anticipation in the days leading up to the earnings report. And since this is a political stock, it is relevant that congress has a long recess near the end of summer. All of those things should be taken into account as you make your plan for the only next date we know of at this point that will certainly produce some big news relevant to fnma (earnings date, which i think is supposedly august 8th but keep an eye out for any changes to that date). Good luck to all!