Replies to post #91453 on Fannie Mae-No Politics (FNMA)

[mrfence]

Solid consolidation. Float locked down. Key thrown away :-)

[FollowNoOne]

Could be a sign of people holding more and flipping less. If I thought I could get back in later in the low $1.40s for FNMA and $1.30s for FMCC, I'd flip out, go trade elsewhere and then come back in.

With the low volume, I don't see us hitting those low share prices again before earnings. I am staying put in line although it is costing me some flip opportunities elsewhere. Just not worth the risk.