Fannie Mae-No Politics (FNMA)

[Bouray00]

I have to respectfully disagree with the notion of a negative trend. We were on a strong climb until Johnson/crapo announced they were ready to place forward their bill. We had two days of strong selloff a few days of upward trend, then today's drop. But overall, the trend is upward and I feel more confident it will continue upwards. With that said, I do wish I had taken chances to trade rather than invest for the long haul. I could have increased my shares by quite a bit.

This is news driven more than anything else, and the trend is, less people are being scared off than in the past. And now, today, I think we are just seeing selling for profit, just as we will see buying tomorrow to build towards the next profit taking. There are many hard core investors out there that will stay fast and hold, but there are a ton of day traders out there movinG this price up and down. I do not buy into the "consolidation" theory, just news and trading.