Replies to post #433373 on Fannie Mae-No Politics (FNMA)

[mike_usa]

Yes it's the same absolute miracle for this stock to come $3.24 from mere 0.32 cents. If you don't know, there are couple of people who loaded a bunch of them at 0.32 cents assuming it may reach $30 one day. I think there are many people who joined them at $1. So let's see.

[wil318466]

Why would you say this? Back when we were at 30 cents people said we would be lucky to ever see 1 dollar. In hindsight, that is kind of laughable.

So we go from 20-30 cents to 2-3 dollars, and you think 6 dollars is some unfathomable number from 3?

Why?

[10bambam]

The miracle happened. Look at a chart already. FNMA was up to about $6.35 when nothing had changed except news of lawsuits and Ackman plan. When news is reported of the three Rs or anything associated with the three Rs such as suspension of NWS or court news we could be right back there in a day.
Go FnF