The lack of an eftective Uptick Rule, a lack of widespread in-depth knowledge about Fannie and Freddie and the factors intertwined with them, people paying attention to the media's previous storm of misinformation rather than the actual facts and real quotes, the foolish use of stop loss orders in the absence of an effective uptick rule, people's ridiculously over-reacting fearful tendencies, the fear of the unknown, abject fear of the government, lack of relevant knowledge of our Justice System and Constitution, lack of understanding of conservatorship, and general intellectual laziness, are among the reasons this dropped below $20 to begin with. Now that the worst risks are far behind us, and good news has been piling up for years already, this should be trading higher than $20. We will ultimately achieve full fair valuation, which will either be $60+ or $200+, depending on whether the company is shrunk to pre-crisis size or not. I've been accumulating shares since before the screwball conservatorship began.
Sentiment: Strong Buy
while also suffering a big loss like many, I can not agree with you ... entirely! The game, as well as its rules, have changed. The valuation mechanism for FnF have also changed. Not and no way they are beyond $20 given the direction of the current proposal. They are best in the range of $5-10 in the next 12month.
Bump. Time will prove this to be true. This stock is certainly nowhere near its irrational lows, when I loaded the boat and ignored the very loud crowd, though it remains quite irrationally low.