Replies to post #684347 on Fannie Mae-No Politics (FNMA)

[redux288]

Accumulation, of any shares available

[imtheshadow]

maybe the absence of any run up had spooked some retail investors on the margin? ... or ... there is a run on Costco hotdogs and buyers need cash? ... Rick, what say you?

[Nikki24]

I believe day traders have learned a thing or two about timing this stock. Not 100% of the time, but fairly predictably, the stock drops on no news or days before expected news, then runs up in the moments before possible victory, like a SCOTUS release. Take last Friday, stock drops, then runs up to $2.34 just prior to the court release time. Somewhat predictably, it drops again today, only to a likely run up before 10:00 tomorrow, another SCOTUS release day. I am pretty sure day traders have been doing pretty well with this play.