Replies to post #431298 on Fannie Mae-No Politics (FNMA)

[Clark6290]

Excellent, us longs will certainly miss you. As the norm, fully expect you sold all holdings at the HOD $3.28.

Good luck.

[Donotunderstand]

Navy

see we agree

Mel today was a zero - so we gave up the AM gains

But Mel - so far - appears to have said and suggested enough to keep the 50cent gain he gave us despite the POTUS and his swamp

[Red Captain]

I actually went back to cash today at around 3.09

Looking at the chart since the february fall it looks like the is a stable resistance average at around 2.8ish, so it might make sense to buy back around there.

As far as I can tell, there is unlikely to be large scale moves until the end of the quarter so it is reasonable to SOME trading and take advantage of the programs, jitters and the news cycle.