This will continue until there is news. I expect it goes below $1, but I am holding with some day trading.
For example, they short-sold 85.63% FNMAM yesterday. I am waiting for them to short-sell it to $1. With face value at $50 and I don't think they can kill the GSEs, I will keep buying. Can't blame them, they are just doing their job. At some point, they will need to cover their position. I can only blame SCOTUS.
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