Replies to post #222732 on Fannie Mae-No Politics (FNMA)

[mike_usa]

Then after some time news came out that Ackman bought 10% both in FNMA and FMCC . Then Berkowitz. Then Ackman again increasing his position to 11%? in both. Then here we are now, hearing that Icahn bought $51 million shares.

[detearing]

Thanks, I hope longs make a ton of profits and retire in style. Biggest elephants in the market these GSE'S. I was in first before Bruce and Bill on another distressed stock we won, now this one too...I called Bill to reverse his short to long here...and Icahn to join...all to my pleasant surprise it came true. Warren is also probably already in fnf unless he is concerned with selling early on insider information from Paulson...imo.

Winning distressed stocks is hardest thing to do in life, imo...but brings greatest rewards.

IMO, fnf remain in what I call the turbulent period of winning distressed stocks. Ride will not be straight up. Take a look at the aamrq# chart or ggwpq# chart for an example of what to expect, yet I do see we have tremendous more pps upside than them.

All I can say...is...hold tight if you want to win these.