Day after almost record earnings and nothing. PPS aside, I expected more volume from at least retail investors. Perhaps to many of them got burned during the run up last ER and are afraid to jump back in. If the PPS starts ticking upward they won't be able to resist.
I'm surprised at the low volume of both F&F. I know that it is Summer but this dirt cheap stock with billions of earnings should attract more value. Unless hedge funds are still accumulating and wants to hold it down, I can't see it flat forever. Thanks to all the talk from Obama and that Senator, the price has been held back but honestly, no one can shut down 2 agencies and leave a lot of stockholders wiped out without having a good plan so I think there is still opportunity there. Just have to be super patient.
honestly im considering myself fortunate the price is this low and will be adding to the position tomorrow. Everytime I scape together 1000 $ to buy more fannie it feels like heaven. Now own over 30 k shares!
Volume today higher already than last earnings day, but pattern today was fast and furious then slowed to a crawl. Can't figure this one out either, but amazed this has been allowed to go on as it has. Gov't has no right to do what they have done and continue to do. Commander in Chief is a sleaze.