Replies to post #52350 on Fannie Mae-No Politics (FNMA)

[BottomBounce]

Without Risk / No Reward. But why don't you tell the Hedge Funds who have been buying Millions upon Millions of Shares of FNMA that same comment. Follow Smart Money!!

If government ends up winding down Fannie, commons could be worthless.

[Apophis]

Yes, this is a 75% reality. A large number of politicians are not happy with both current preferred and common stock holders on how they are invested with pennies on the dollar.


Right now with all the negative publicity this stock will trade erratic during the day as many shorts get in and out maybe 2-3X/ day.

I think we have not hit a bottom yet and will not hit it for another week.