Replies to post #67674 on Fannie Mae-No Politics (FNMA)

[JohnCM]

I would agree $1.50 looks good, but it's tough trading on hunches.

[~ NT ~]

I didn't buy today. May be some more panic at open Monday.

Will buy either further down OR above 1.60 (if it breaks it with conviction).

I doubt how much retail is shorting this. I saw the data for the last 2 days, not much difference.

The big boys play both long / short on the same ticker (cut off the losing position based on market movement) capitalizing on market sentiments by sucking retail money in. Its a win - win for them (algorithm trading)