Was hoping to add more on a re-test of b/o at 1.44-- lol we'll
see- it entered mainstream media buzz past
few weeks. My real estate/landlord friend who
bought boatloads at 32 cents two years ago, tried to convince
me then that the economy couldnt' survive without Fannie
/Freddy & that there would be almost no competition
until fees could be raised- which would takes years at best.
Did I listen at 32 cents-- nope.
Next ER is August- they blew away last ER expectations. Just one
to monitor I think -if only for a trade. Political aspect &
last year's amendment further complicate assessing as
numbers iimprove markedly.
Fannie Mae- fnma- b/o at 1.44 & UP continues
Posted by parkridge77 on 23rd of May 2013 at 10:26 pm
http://stockcharts.com/h-sc/ui?s=fnma
oversold on RSI, but volume & macd still good
Was hoping to add more on a re-test of b/o at 1.44-- lol we'll see- it entered mainstream media buzz past few weeks. My real estate/landlord friend who bought boatloads at 32 cents two years ago, tried to convince me then that the economy couldnt' survive without Fannie /Freddy & that there would be almost no competition until fees could be raised- which would takes years at best. Did I listen at 32 cents-- nope.
Next ER is August- they blew away last ER expectations. Just one to monitor I think -if only for a trade. Political aspect & last year's amendment further complicate assessing as numbers iimprove markedly.
Fannie mae fnma continues to ramp here today hit
Posted by parkridge77 on 24th of May 2013 at 09:53 am
Huge percentage moves in FNMA
Posted by steve on 24th of May 2013 at 09:54 am
Huge percentage moves in FNMA and FMCC recently. Well spotted parkridge