Replies to post #67437 on Fannie Mae-No Politics (FNMA)

[GQStockMan]

These stocks are going to rise and lower off of politics, not earnings. This statement has already been released. Do not expect to make any serious money unless you are willing to drop $10,000 at least right now and sell out 0.30-0.50 a share when it fluctuates for a small profit. This stock is a garbage long term investment at the moment.

[136]

You would think this would be much higher based on all of the good news surrounding Fannie. Unless this is just being completely manipulated..

You have that right. Institutions whacked it down here to accumulate all day. They will be buying all the way up too.

$FNMA

[davidam]

Keep in mind very big money is on this. It likely was shorted heavily and with all the profit on the table from recent big runs it was easy to bring it down. Then as it comes down you get panic sellers that begin losing money. Until the government cuts this loose there will always be a big unknown so I do not expect the stock to get valued properly until we know for sure what's going to happen. I see support at the 50mda of 1.37. I am not flipping bought in higher. Will continue to pick spots to add for the long run. It is my belief this company will be reborn again and the government will step back. If that happens then proper valuation occurs which is multiples higher than where we are now. Life changer potential. Best of luck to all will be a wild time here