Today is just a sample of what is more to come with FNMA. If you liked the action today, you will like what is more to come.
1. Release from C-ship
2. Corker/Warner & Hansarling bills dead
3. New bills to reform F&F not eliminating them
4. Relisting at NYSE
Any of these news could make today's action look like child's play as the run up was on no real news.
As I said before, it may seem like a smart play trading this stock short term, due to the unpredictability and very high liklihood that it will go much higher, stick to your thesis of what you believe will happen in the future.
My thesis is that there is very liklihood that any or all of these will happen in the next 6 months to a year.
And because of my due diligence and my conviction in my thesis, I'm not selling.
I wish you all the best whether you are long or short. The goal is for all of us to make money right?
Indeed Correct ! ... this is just a taste only... and dont get fool until the true face of this coming out... we all know and politicians just playing card now... the true face of this stock will arise when FnF goes to net positive along with release of their DTA.. (they will pay over 10% by that time) and release of C-Ship, thats when u can decide to sell/keep for ur retirement income (from Dividend).
even Obama didn't say to close/replace/eliminate these 2 , just to reduce their dominance to be pre-crisis which is 40% and that itself if private market have $$$ to cover - which i highly doubt now even in 5 years (even Prof Levitin from yday hearing said so) -