Replies to post #846585 on Fannie Mae-No Politics (FNMA)

[EternalPatience]

Interesting. For many years I have seen the 52 week low as 6 cents during the time even though I was never able to verify it but Yahoo finance had shown 6 cents as the lowest at one point of time

[Double Black Diamond]

Patswill, I recall that price low. I started buying soon after that, mostly FNMAT, but also traded in and out of the common and using the profits to load up on more “T”….which I had the good fortune to exit in 2014. But now commons look like the better opportunity. What was perplexing to me at that time, at those lows, someone with deep pockets like a Warren Buffett could have come in and gobbled up the entire company for less than $250 million. Especially Buffett. He was on extremely good terms with Obama. After purchasing Burlington Northern Railway, with its over 5,000 tank car fleet, he was successful in convincing Obama to cancel the permits for the Keystone pipeline….thus giving his newly purchased railway the lock on shipping all that oil….instead of the pipeline. I’ll bet he could have worked the same magic on Obama if he wanted to take over Fan/Fred. In the ‘08 election he was Obama’s chief economic/financial guru. He had almost a Rasputin hold on Obama. Anyway, today’s price action broke September’s down trending resistance line….so it looks like we are heading back for some much needed upside. 🤞🤞🤞