Looks like a momentary panic dump to me. Shorts co
Post# of 1629
Posted On: 10/24/2013 11:11:51 AM
Looks like a momentary panic dump to me. Shorts covering?
Profit Taking? I think this horse is still in the barn. Just wait til she gets on the track!
By Steve Goldstein
1,000%500%0%-500%-1,000%
10a11a12p1p2p3p
FNMA FNMA
WASHINGTON (MarketWatch) -- A day after a big rally, shares in Fannie Mae FNMA -10.41% and Freddie Mac FNMA -10.41% saw a big nosedive, with double-digit declines for both. Both of the mortgage-buying giants are under federal government conservatorship, and shareholders are not entitled to dividends, all of which go to the U.S. Treasury.
Profit Taking? I think this horse is still in the barn. Just wait til she gets on the track!
By Steve Goldstein
1,000%500%0%-500%-1,000%
10a11a12p1p2p3p
FNMA FNMA
WASHINGTON (MarketWatch) -- A day after a big rally, shares in Fannie Mae FNMA -10.41% and Freddie Mac FNMA -10.41% saw a big nosedive, with double-digit declines for both. Both of the mortgage-buying giants are under federal government conservatorship, and shareholders are not entitled to dividends, all of which go to the U.S. Treasury.
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