Fannie Mae: The Road to Recapitalization
Trade Ideas · Featuring Gaby Heffesse
its just for me to track real vision trade idea . its only for journal purpose.
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...
This Monthly Chart caught my eye.. keeps breakout out higher in the long term consolidation; the moves are insane on a monthly basis, seems this could go much higher actually.
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.
It looks like with recent court hearings and news, FNMAS preferred share holders and investors in general have a positive expectation going forward.
Keep in mind we except the stock to jump back to value price of $25 MINIMUM once court proceedings with the federal government concluded.
As of now, I see this going to 8$ range- and from there FOMO could start...
