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Federal National Mortgage Association Message Board

  • yang_weng yang_weng Jul 18, 2013 5:58 PM Flag

    Analysis - this is a sort of "Trick Box" from which there is no escape

    I have tried and tried to make money from Fannie. But FNMA is a different animal than traditional Stocks.
    And now it just keeps meandering lower . . . and lower . . and lower. The feeling in the community is pessimistic and not getting better at this time. You know, if you play it right you can make money on a stock that moves down even though you cannot short OTC. But there isn't much up-and-down movement to gain profit from. Just slow declines with a minor bump up now and then.
    This is a long stretch of nothingness for Fannie and it is better to sell now and wait - possibly for a long time before re-entering. That is - wait for GOOD news - we have had a full month of 100% BAD news, repeatedly day after day. Forget the lawsuits - they are going nowhere. Until the Corker bill is shown to be DOA this stock won't do much - but when it is found that Corker's bill FAILS - this stock will take off like Gangbusters. So that is what I will wait for.

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FNMA
1.74-0.05(-2.79%)Sep 28 3:59 PMEDT