I bought more FMCC/FNMA on the dip today. Sold a few yesterday at $1.63.
Wish I would have sold more. I should have known short sellers in this would get the govt and republican owned fox news to put out this non event news so the MMs and shorts can buy and cover lower. It should have gapped up but there is an extreme power struggle here between longs and shorts and unfortunately the shorts have the media and govt in their pockets. What we need is for the govt to stop trying hide their failures and aiding banks from having to pay back what they owe. What we need is for govt to get their chit together. I am going to continue buying the dip leading to earnings. It will run hard. This shake today was strictly to allow MMs to load more cheap and for shorts to cover some lower.