Replies to post #139364 on Fannie Mae-No Politics (FNMA)

[mike_usa]

What's the pps at wave5up.

[MonestHind]

Massive selling in the last 10 minutes today.

Or will short covering bring price up a notch?

I wouldn't hold over this weekend. We know that the press is going to be increasing its coverage regarding HF reform after the week we had. My concern would be that lots of talk of legislation that aims to shut the companies down coupled with speculation about pending bill proposals (that also replace FNMA) will create a bloody monday.

Ya never know though. I prefer to protect my profits :)