I agree with you to a large extent... from what we have learned in the past several years with FNMA. However, according to what I am reading from few sources and Insider trading|Institutional ownership reports, "There is significant interest in FNMA by institutional investors. The 14.84% of outstanding shares they control represents a greater percentage of ownership than at any other company in the Finance/Rental/Leasing industry. Additionally, during the quarter ended September 2018, these large investors purchased a net $16.1 million shares.
Lol you know we can all read here. It’s positive news any way you slice it because now you have an acting FHFA director that’s sound alot more proactive compared to WATT. Ofcourse no one knows the plan yet but it’s weeks away. Most of us are for certain NWS will be stopped first and recap will be announced at a minimum. The release part can take some time but by that time we’ll be well above 6. That with En Banc and Margaret Sweeney, we will get it! When this thing rockets it will be too late.
Very good analysis of situation. Seems there are lots of unanswered (FNMA) questions that remain. Good to have a level headed opinion without all the fanfare. I think I’m going to short this at least until there is more clarity.