Fannie Mae-No Politics (FNMA)

[KnoxMan24]

Hey Greenie......good post. I agree 100% about the volume issue. The last 3 day volume trend is encouraging. We had that big increase in volume on Wednesday right at the close, 12+ mill on Thursday & the 24+ mill yesterday. If we get 50 mill on Monday we should be able to see 1.50 again, maybe more.

And while I agree with the longs about the future of FNMA down the line, in the short term this thing is as manipulated as a stock can be. Personally, I think this week will be good for flippers and traders who can time their entry & exits well. It's all about Q3 bonuses for the MM's right now. IMHO, GLTA.