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Federal National Mortgage Association Message Board

  • mhira456@gmail.com mhira456 May 30, 2013 10:43 PM Flag

    as we all know nothing is ever decided in a timely fashion by politicians..

    I expect this debate to drag on for a while, and I expect huge volatile swings in the stock in the meantime..so buckle up!!..there is no denying that FNMA is a cash cow and no one kills a cash cow..politicians will make noise on both sides before anything is resolved..weeks, months, and possibly years of red tape....obviously if we get a rally in the common thats only going to fuel the outrage, and thats what i expect will ultimately happen...Eventually the big boys will rally it so it cant be dismantled without tremendous shareholder pressure...the govt cant just take your cash that easy,...But this stock is easily manipulated so you will have huge reversals..lots of retail investors will get crushed and shaken out of their positions...as we saw everyone turned bullish and then they got cracked, well i expect that will happen on the flip side as well...while its true the common is very vulnerable and has no real value, it can be easily rallied to crush the majority if the overwhelming sentiment is short..its all just a game for now..however i really doubt the stock will sink to sub $1 as that will be a pretty straightforward statement that there is no hope for this GSE to be saved..and at this point their is clearly a lot of unanswered questions..so basically i dont expect a big drop from here and a rebound is very likely..esp when its least expected...just my take.

    Sentiment: Buy

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FNMA
1.70-0.01(-0.58%)Apr 29 3:59 PMEDT