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Replies to post #87195 on Fannie Mae-No Politics (FNMA)

Replies to #87195 on Fannie Mae-No Politics (FNMA)
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FlipMaster

07/09/13 4:05 PM

#87203 RE: VETERANTRADER #87195

No I think the last 2709 at 1.63 got in there
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makemoney18

07/09/13 4:05 PM

#87204 RE: VETERANTRADER #87195

Yup unbelievable. Now I'm looking at buying cheaper shares tomorrow. Could see 1.45 to 1.50 cheapies just averaging down my share price. Lol still holding 3.75 average down.
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mac44

07/09/13 4:09 PM

#87213 RE: VETERANTRADER #87195

No VT, it's at 1.63.
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obiterdictum

07/09/13 4:15 PM

#87220 RE: VETERANTRADER #87195

That is mainly MM market making without buying interest.

Also, the lawsuit coverage did two things.

It was positive in that it moves the GSE reform process towards a fair release from the conservatorship and the Third Amendment.

At the same time, upon close examination by day and swing traders, it generated negative sentiment by exposing the real legal and political conditions to those who were pumped but underinformed about the details of the conservatorship and the immensity of what is actually going on.

Just a temporary skittish sentiment.

Gradually, we come down to the serious players who do not run from reality or hide cloaked in wild fantasies.