Replies to post #105564 on Fannie Mae-No Politics (FNMA)

[bmp152]

Agree with you Reasonable. I believe Fannie's prior earnings release was May 9th. If you look on the chart, it was actually red that day. A few days later, it took off to $5+.

[aeroplane]

Got back in on this at 1.52. Gonna play it real safe but if FNMA sees anything similar to the 65% pop in profits that FMCC saw, I think it'll catch a few more eyes.

[Mtrader16]

That is a very valid point though, it popped for a day, went down where it started then a few days later sideways and the run went from there.

I'm just skeptical of this president who seems to have a hidden agenda, and people flock to him like sheep.

Obviously when we were going for a $2 breakout, he opens his mouth and boom we are at 1.50

Financials will be great and I hope that brings the hedge funds closer to realizing Fannie and Freddie are back for business and should not be "wind" down.

Especially not now, just no point in having this debate when the market has been coming back stronger than the housing explosion years ago..

[Timberliner]

Exactly and this has been holding extremely well with all that has been going on this week. Why wasnt there a massive sell off? Because smart investors know that the risk/reward here is still worth it. $5.50+ next run, imo