Replies to post #184150 on Fannie Mae-No Politics (FNMA)

[TII]

Imo, Stegman's comments will have nothing to do with todays movement. I believe this is one or more large investors taking a position in FnF. If you look back at the 5-6 week period of 10/7-11/21/13 when Ackman & Berkowitz took their 10% & 2.25% common stakes positions respectively, you will see a similar pattern. The last 3 weeks (as of close tomorrow) is the current period when this new position (could also be Ack or Berko doubling down) has occurred. Depending on volume and the desired final % position this could continue over the next week or more. No one knows but the people involved.

Again, all in my opinion.