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.
In kolea every one is Lee. U walk down stleet and call Lee, evelyone in kolea tulns back to see. Which Lee do you want they ask? I say Woo Chi Lee. They say, he is busy posting messages on yahoo message boald.
Better still would be Senator Reed's bill to use the good parts of FnF and not dismantle them. When this bill comes out there is bound to be some good movement. This is just meandering waiting for the right catalyst when it will take off leaving all those on the sidelines in the dust. Patience pays. Just hold tight and wait to be rewarded though it is pain in the ying-yang in the mean time to watch it do nothing.