FNMA will not go very much lower.. If anything it will start trending back up !!
It's obvious FNMA is going to pop starting the week of June 17th. Accumulating at current prices is a steal:
June 17th: Housing Market Index, 10:00 AM ET
June 18th: Housing Starts, 8:30 AM ET
June 25th: New Home Sales,10:00 AM ET
June 27th: Pending Home Sales Index, 10:00 AM ET
And of course, we release earnings in early August. No need for bashers or pumpers, just stick to the facts
Sentiment: Strong Buy
so true - if you buy now you can only lose a dollar - if you go short you can lose ten dollar - and as the ball bounces odds are much better than 50/50 fannie will be restructured not wound down.