Replies to post #436483 on Fannie Mae-No Politics (FNMA)

[10bambam]

If you have been following this board since fnma was at $6.00 then you do know that Navy trades what he and others on this board call fluff shares. He and others maintain a core position that they do not trade. You know this so don't be a hater. I have done it a few times now that I have built up a position large enough to risk a small position trading. I bought a little the other day at $2.89. I have powder if it drops lower than that. If I miss the boat with my fluff shares I will still be quite happy. I have plenty of core shares stowed in the Fannie rocket just waiting for lift off. Meanwhile I can have some fun with the little dips and rips.
Go FnF