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OlegMDev
Jul 21, 2015 12:01 AM

FNMA - mehhh!, not interested. 

Fannie MaeOTC

Description

I played this from $1 to $4, now its range bound. I see support @ 2.00 on a monthly chart and it might grind up, but I have no desire to jump back in. What would the catalyst be for this thing to go up today? Is FNMA going private, or will it still be controlled by the govt? Who owns their debt? Whats their competition going forward? Is FNMA still useful in the future?

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