Fannie Mae-No Politics (FNMA)

[navycmdr]

imo FNMA Heading lower before Higher ...1st Hour of trading is amateur hour ...

Earnings are already priced in ...

until there's additional NEWS FNMA could drift lower ...

watch Level II and RSI ... look for volume swings

a little head fake pop followed by a low testing DIP ...

based on recent activity it appears FNMA

could Test $2.20's before it breaks above $2.46 (BULL pennant)

if Deep pockets want blocks of shares the crooks (MM's)

will jus take it down to fill the LARGE orders ... imo

Good TRADING ALL ! ...