Fannie Mae-No Politics (FNMA)

[malebaboon]

Gaps cut both ways. 2 cent gap between close of $3.76 yesterday, and high of $3.74 today. Patience. This is all an algorithm meant to shake the tree like King Kong would, if you are long simply hold through thick and thin. Remember that hedgies are in around this price, and they are not panicking.

Everybody talks about the selling today, but there's a lot of buying. mostly capitulation from small holders into the hands of larger holders.

Lots of good developments to come.

MB