See my post from August 10th, Why I hold. I'm not a "pumper" I'm not a "shorter" I'm a believer. Maybe there's still some Boy Scout left in me, that makes me believe, that justice will out. That this thing will right itself. By an eventual willingness to do the proper thing, or by court decision, that I don't know. Hopefully our dear elected officials will lay down there pompous political theater and get down to the task of good governance. Our country suffers mightily from poor and just plain bad leadership.
If you are not selling someone is selling more than 40,0000,000 a day. This volume is created by day traders who buy and sell 50,000 to 100,000 shares at the market. And they also put a bid after selling 1 or 2 cents or more to cover. They are day traders and have deep pockets. Must go home with no shares. That is why you see small rally after stock has moved more than 5 to 10% in a day.
what fool would sell now? if so why would he / she prove it that tey are foolish. This company has profits Apple is making. Exxon made during its peak time. Home loan defaults are at its lowest. Preet is whacking the wall street bankers. Obama is ready to kick #$%$ and get the money back into US. What more is needed for housing market to stabilize. Increase home ownership and increased profits for Fannie. They are the monopoly now for reaping the housing profits.
I agree with every words you said but Mr. Obama opened his big mouth that's enough to drag stock all the way down because he is the head of the house hold it is hard for some investor to ignore it...brother it's a fear not what you said and what I said