Very few shares available to be scored at these bargain prices. Waiting for order fill is like watching a dripping spigot. Nobody wants to sell, except drips and drabs, piece-mealed out, throughout the session.
Short backlog on FNMA is over 31 M and 14.7 M on Freddie. That approximates 6 days to cover and 4 days on FMCC.
The table is being set. The old switcheroo is upcoming... FNMAS up, GSEs cratering. Predictable. Nice $$$ to be made for the savvy.
Makin' bacon! When it comes to Fannie Mae, remember to always fork the pork, and avoid being a dork. FNMAS is prime fatback. FNMA is The Hunger Games. FMCC could go either way, depending on whether management decides to run the business, or just let it get overrun by Mel Watt. What? No balls, board-of-director dudes? Pagliara is already calling you out, and the gun hasn't even gone off to let the games begin.
Film at eleven.
FNMAS = $$$.
JMHO.
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