General
FNMAS recently visited the bottom of the range. While i personally would prefered a dip under it - didnt happened yet - we shall see. So far i will stay on the sidelines aslong price didnt break above "Area 1".
Another potential buy for me would be if price breaks above the 50% of the range and generates a higher swing.
1. Long (Black arrow)...
Both Fannie Mae ( FNMA ) and Freddie Mac ( FMCC ) are rocking and rolling. Mnuchin's interview paired with the court of appeals' move against the Gov't have sparked more interest here. This is great and another potential catalyst today could add fuel to the fire.
HOWEVER, is there a motion likely before the election? I think the jury is still out on that front. ...
At this point FNMA might not be all speculation.
"This latest plan is to return the two back to private hands. But as part of the plan, there would be a Treasury backstop in place. But this hasn’t come without pushback. Senate Banking Committee Senator Sherrod Brown has issues with this plan. The concern stems from possible risks that could arise by giving up...
Steven Mnuchin the Treasury Secretary.
His background and role to the 2008 crisis and of course deep connections with his boss, President Trump.
mobile.nytimes.com
Insight of a high probability return of investment on Fannie and Freddie preferred shares issued by Merrill Lynch, Morgan Stanley and etc. Right now 100 of billions of their profit (100 %) goes to...
It's been 10 Days since last bullish FNMA idea posted on this account and the stock outperformed.
The target was $3-$5, the price cleared the bottom end of this target already.
Notice that beautiful W formation on the 15 Min chart and the breakout about the Cloud also the multiple bounces off the support line at $2.86 notice this was once a level of resistance.
