At the rate at which this is falling FNMA and FMCC will be back to 30's by market close this week. The run up was without any solid positive news and the support will be at the previous level between 25-35 cents per share. Getting out now and and getting in next week makes perfect sense.
This isn't a 5 or 10 dollar share price. Common sense should tell you NOT to put everything in this (or any other stock) but anyone who can't afford to ride out a few thousand shares - Just in case - probably shouldn't be doing this in the first place.
Wise perspective. I am optimistic for the long term health of this stock, however in the short term I see the stock retesting .31 cents. Probably over the next few weeks. However we will see it break $1 right after earnings. Wishful thinking but sounds good to me!