Replies to post #724752 on Fannie Mae (FNMA)

[M I A]

Much more than a "gamble", but I can respect your opinion. I feel that these prices are just an opportunity that doesn't come along often and the drop has very little to do with scotus opinion, but more to do with the state of the economy and market as a whole.
It should not be read into too deeply. It is what it is. The market sank and so did a lot of other investment vehicles. So situations have changed for many. IMO, of course.

Not everyone's timetable is the same. The selling is most likely the same entity and not the market as a whole. The selling is evenly spread out to exit whatever their position might be. Then again someone is buying all that they are selling. So, we'll see.

Here's to the best outcome for all....A just and fair outcome.

*Disclaimer
JMO

[MoneyRobot]

I bought some fmcc today to average down. I could have sold all my commons at a lost and not feel the pain because of my jps gains and be done with commons....BUT, I am going to bet that the gov will take less for the sps shares and allow everyone to make out okay to end the fnf saga. That is if we dont win lamberth, Rop or any other lawsuits first.

I will roll with the common goobers. I believe at .47 or .48 that is about a 40% loss for commons. My prediction sure to go wrong is a 40% pullback for the markets. Imo, we are very close to the bottom.

Some say SP might go to 3400. Some say even lower. So...reaching 40% first for commons might not mean anything. I hope the lows will be at the 40s. We shall see.