Replies to post #1932 on Fannie Mae-No Politics (FNMA)

[bewildered]

NYSE Rule. "Rules are Rules"

[jackson227]

Fannie has closed under the $1 per share price for 30 days in a row. That is why NYSE told them that.

I feel it is inevitable that Fannie does a reverse split, and in my opinion, would be the smartest thing they could do.

If they do a reverse split, they should do a huge one, such as a 100 to 1 split. This would put the new share price around the $40 or $50 mark, which would make it much less volatile and less subject to flippers and MMs controlling the price.


The bottom line is that they have to do something, and they have to do it quickly. I don't feel the government will let Fannie get delisted. "They" need them whether you admit it or not.

I feel that a reverse split is the only way to get this stock over the $1 mark. If this does not happen, then it will be a signal to me that they are going to let it drop to the OTC board, thereby relieving many of the reporting requirements. I don't foresee this stock getting delisted, but if it does, WATCH OUT !!!


imho