Replies to post #57547 on Fannie Mae-No Politics (FNMA)

[Kapla]

ARCA on Bid, consolidation time.

[Carna4z]

flash trade covering, one more day of dumping to come. My tranches are 1.68, 1.58, 1.50

[JC$]

I thought for sure we would see $3 this week after the nice bounce last Friday and gap up on Monday. Looks like there was major resistance around the $2.70 - $2.80 range.
I think if the 20MA does not hold it can drop down to $1.50 but, should recover IMO. I cannot see this going below $1.30.