Then the stock will be at $10. Hedge funds are still holding and I don't think that they are adding more until they see more direction from Capital Hill as well as the housing numbers.
That would be nice but he is not about to step on the big bank toes.
Wake up, hedge funds are day trading this stock, how do you think it is big swings like this ?
Name one Hedge Fund that day trades Fannie/Freddie shares. The vast majority aren't even allowed to trade OTC stocks.