Replies to post #67428 on Fannie Mae-No Politics (FNMA)

[beambe]

test $8-$10 upon financials of at least 50 Billion

[raindancer1]

Financials of 50b next quarter...what are you smoking...last quarter was a one time dta...there is 10b at most left...next quarter will see 8b-18b at best...then from there it is down hill uas refinancing is drying up. Next quarter isnt as big of a deal as the quarter where the bailout payback equals net zero. It would help to look at tue company fundamentals and not just the chart.

[10thMountain]

Thanks. But I'm surprised it hasn't continued to uptrend, since people already know they've had record earnings in 1st quarter, and that 2nd quarter will probably be even better. You would think this would be much higher based on all of the good news surrounding Fannie. Unless this is just being completely manipulated..

[SynthTrader]

I agree with pretty much all of your analysis except the open on Monday. I think the MM's will use today's downward momo to gap it down and see if they can get that touch of the 50-DMA. Then they'll let it go back to 1.80's in a hurry.

[Kapla]

It's that $1.37 that I'm nervous about, but no biggie. Maybe grab a few more if/when then. Have a good weekend.

[GreenWizard]

Excellent analysis and forecasting. Thanks. I hope you make millions with FNMA.
Go FNMA.