Fannie Mae-No Politics (FNMA)

[ospreyeye]

FNMA ALERT: This is the Alarming part of today's Decline -

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Symbol Price Pct Chg $ Volume Share Volume # Trades

FNMA
4.03 -30.76 $998,624,398 214,503,563 64,154

FMCC
4.04 -26.81 $393,464,124 84,820,083 25,085

FNMAS
11.90 -3.25 $115,174,333 9,806,672 1384

Nearly $1B worth of FNMA Common Shares Traded today.............that is ALARMING..........it shows the BIG BOYS ARE EXITING.........

For those that follow our boards you know that we have been on the look out for a move like today..........we have been tracking FNMA's daily market activity.........today's $Billion Dollar dump only signals more downside risk...........the KEY for this trade has been and will be in my opinion a Follow the Money Trade.......we followed the money to new 52 Week high levels........most began unwinding Long Positions last week when we put out our CAUTION Alert............

When the trade is FOLLOW THE MONEY & the MONEY EXITED you know the writing is on the wall...........if the MONEY COMES BACK FNMA could get interesting, but after today's developments it's officially on our Day/Swing Trade only list.........

All that said FNMA will still be a very sweet bounce play.........and it will still be a money maker for the skilled traders, but w/ all the uncertainty and BIG MONEY Exiting FNMA is not a Long term hold at this time IMO.............$$$