I'm with you jcromeenes - I know I've probably left money on the table not trying to time these stocks as they've consistently moved up and down. As long as I stay above what I feel my cost basis is - then I shouldn't be getting too worked up about fluctuations.
I asked the question, though, to see what other people were thinking. Because I see very limited correlation to the current risk in the market and the risks facing Fannie and Freddie.
Don't forget about the Super Secret Escrow Fund. Even with a Court loss, $FNMA is worth $50+ based on the amount of money in the Escrow Fund storing all of the NWS Payments ;-)