Fannie Mae-No Politics (FNMA)

[BullishTaurus]

Well, the bottom did fall out.

I was watching the Bid & Ask and it went something like this:

Bid : $2.67 / 100 shares -> Poof!
Bid : $2.66 / 200 shares -> Poof!
Bid : $2.65 / 100 shares -> Poof!
Bid : $2.64 / 100 shares -> Poof!
Bid : $2.62 / 100 shares -> Poof!
Bid : $2.60 / 100 shares -> Poof!
...
Bid : $1.95 / 1000 shares -> Please, stop the bleeding!

No Bid support whatsoever all the way down to the $1.90s.