Fannie Mae-No Politics (FNMA)

[frdmlover]

Don't beat yourself up. I bought back in Friday at the HOD 3.60 because I had to leave work, and just like I said everything happens when I am driving home. Over that period of time the pps dropped to 3.50 (an entry I had been looking for later in the day). The previous two trading days saw substantial rises in pps during "the drive home" so it didn't seem far fetched that we would see it again on Friday (at least that was the boards sentiment, until after it didn't happen). The point being I am now sitting at the very tippy top and it ain't lookin' good. Suddenly everyone is talking like the stock is going to go lower and that definately was not the sentiment up to an including Friday.

So now I will look for a chance to get out as close to 3.60 as possible and buy back in again once this slides south of 3.30...hopefully I can get out today, at this point I would rather be out than in especially beause I have no buffer left for it to go down.

GLTA