Fannie Mae-No Politics (FNMA)

[lumpina]

To anyone: At the risk of asking anyone about trading strategy, I throw this out for the board.

My "breakeven" price is $2.00. I'm thinking of putting a "stop/loss" order in for ALL my shares at $2.00. If the worst news possible happens, and the stock starts diving, what are the chances it will go to $2.00? Hard question, I realize.

I'm just concerned that I'd lose everything on BAD NEWS. I'm also concerned that the MMs might take it down to $2.00 just to grab some stop/losses. However, I would be watching the PPS very closely. If it started tanking on NO news then I'd pull the stop/loss order away at a certain point. But if it REALLY is bad news I would feel safe at least to not lose everything.

I only posit this because of all the conflicting news coming out these days. Someone posted this morning that the PPS could go either to zero or $20. That's a little scarry for me. And, furthermore, I don't trust Obama's people and I'm a little skeptical of the courts also.

Opinions?