I forget the rest of the world is not up to speed on fannie and Freddie. While the news last night was amazingly good - the market wants action, not plans. And I forget that this is considered to be coming from the Trump administration - so nobody really believes it.
I still think odds are good they will raise the buffer before the end of September. That will be worth $3 per share or so (divided by 5 thanks to the warrants) so would expect above $3 by October. For the rest - we will have to see if the Trump administration is able to actually accomplish anything they promise.
I will be buying below $2.40 using the cash I raised earlier this week.
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