Replies to post #217150 on Fannie Mae-No Politics (FNMA)

[thexsandos]

That is total BS if ackman open his mouth the pps will be at $6

[chessmaster315]

Good observation Rick, but I disagree on its application to yesterday.

The reason is that, when we had "peaks" above 5.00 and again above 6.00, we indeed had a consolidation where it declined as you said.

However, the previous days peak, was well off 5 or 6 dollars. "Peaking lower" is not the trend, instead, this is "peaking higher" with consistently higher highs and higher lows over the past 18 months or so.

Since 4.71 or so is not a higher peak, then we would not expect to see a retracement unless the whole nine yards has reversed. I dont see that, so I do not anticipate your declines UNLESS we see similar widespread market declines (or very bad news for fannie).

[Simple22]

Yesterdays decline was all on news not technical, it even broken the 50d MA. This is not technical at all IMO.

[lambchops]

So do you load more shares when you see the chart reversal or do you sit by idly and lose money? What's your strategy since you're an experienced FNMA stock holder.

FNMA