Fannie Mae-No Politics (FNMA)

[chenzo11]

I've said along that the battle will be waged between $1.00 and $2.00. That is where it can be manipulated the most.

It would not surprise me if, when we do eventually break through the $1.79 resistance, we run to $2.10, only to be pulled back to $1.79 again. From there, the rise will begin as the shorts will be unable to hold down the PPS.

Anyone thinking that FNMA will go from $1.36 to $8.00 is kidding themselves. We will get that big move to $8.00-$10.00 from a PPS in the $3's. IMO the market will not allow a big run (from $1.36 to $8.00)to happen again. Too many eyes, too many articles are on us now.

GLTA

Chenzo