I think I differ from a lot of people regarding wh

I think I differ from a lot of people regarding why I think FNMA will be skyrocketing.  It's a politics play, more so than earning investment.  While the earnings are necessary to the political aspect, Washington is the final word.  I've been waiting for the hedgies to get more and more involved ever since I saw this article on 4/1:

http://finance.yahoo.com/news/barney-frank-ad...00570.html

Particularly this part:

John Hempton, who manages a hedge fund called Bronte Capital, argues Treasury has trampled on the fifth amendment rights of private shareholders, which prohibit the taking of private property for public use without just compensation.

Hedge money was going to win this battle.  The government knows it cannot hold onto F&F forever because of the constitutional issues involved.  Hedge money would create a situation where insisting on a wind down would hurt the housing recovery.  With congressional elections coming up, and the dems really needing the House, there's no way they would want to let this happen.  It becomes a win/win for the Democrats in power to unleash F&F back into the free market with a huge boost to their own budget AND a claim/trophy showing how they brought back the housing market.

Since Paulson and Co. started flooding money into it, my vision is coming true.  To me, at this point, the earnings are irrelevant when compared to this fuel -- so long as the earnings are on track, at least.

I think we'll be seeing $20 by August.  Though, it's extremely difficult to gauge a timeline.  $50 before the congressional campaign season, however, seems about right to me.