Replies to post #108586 on Fannie Mae-No Politics (FNMA)

[chestercopperpot]

I disagree. Yes, the MM's can direct the price to a certain extent, however it doesn't mean they can just take it down to $1. It depends on how many shares they have in their own personal inventory. Also more importantly how many shares are locked up in hedge funds and traders possession. Once shares are taken off the market and held, that makes the price hold. Fairholm capital has purchased $250 million of the commons. These are locked away and i don't think he is going to sell them anytime soon. Just my opinion.