FNMA - Fannie Mae

Discussion in 'Penny Stocks' started by StockJock-e, May 23, 2016.

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  1. StockJock-e

    StockJock-e Brew Master
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    [​IMG]

    Description
    Federal National Mortgage Association (Fannie Mae) is a government-sponsored enterprise chartered by the Congress. The Company supports liquidity and stability in the secondary mortgage market where mortgage related assets are purchased and sold. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage backed securities (Fannie Mae MBS) and purchasing mortgage loans and mortgage-related securities, primarily for securitization and sale later. Fannie Mae operates in three business segments: Single-Family Credit Guaranty, Multifamily and Capital Markets. Its Single-Family Credit Guaranty and Multifamily businesses work with its lender customers to purchase and securitize mortgage loans customers deliver to the Company into Fannie Mae MBS. It obtains funds to support business activities by issuing a range of debt securities in various capital markets. It conducts business in the United States residential mortgage market and the global securities market.
     
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  2. StockJock-e

    StockJock-e Brew Master
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    FNMA trying to get back into the $2 range which has been tough to hold.

    Watching this move here to see if buyers will keep the pressure on.

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  3. StockJock-e

    StockJock-e Brew Master
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    Needs to crack over that 1.80 already!

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  4. Tiptopptrader

    Tiptopptrader Well-Known Member

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    I guess I have kept up with the times, I didn't realize it was OTC now...nice gap up
     
  5. StockJock-e

    StockJock-e Brew Master
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    Yeah, remember this was a serious company at one point! lol
     
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  6. Tiptopptrader

    Tiptopptrader Well-Known Member

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  7. LloydWCoutee

    LloydWCoutee Active Member

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    seems like a good time to load up
     
  8. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Breaking above the upper BB, maybe on a big dip
     
  9. Lonnie Ray

    Lonnie Ray Active Member

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    Looks like new optimism is the new POTUS
     
  10. StockJock-e

    StockJock-e Brew Master
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    UP UP AND AWAY!
     
  11. StockJock-e

    StockJock-e Brew Master
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    Pretty serious buying volume today.

    The stock needs to get over those $2.50 highs from June and I think this has some room to fly!

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  12. Lonnie Ray

    Lonnie Ray Active Member

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    New 52 week High!
     
  13. StockJock-e

    StockJock-e Brew Master
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    Holding up pretty well still!

    That was serious volume on Friday, if we do not see a pullback lower today, this may still have more to go!
     
  14. StockJock-e

    StockJock-e Brew Master
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    Pretty impressive going into the close, its holding near the top of this channel:

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  15. dsmoney

    dsmoney New Member

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    Im liking this one--- been in it for a while now. I hope we see more upside too

     
  16. StockJock-e

    StockJock-e Brew Master
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    new highs today!
     
  17. StockJock-e

    StockJock-e Brew Master
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    That resistance from last week is still the level to watch for, but some pull back to $2.40 in the cards to load up again?

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  18. dsmoney

    dsmoney New Member

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    yummy... :)

    nice volume today. take some profits or hold on for the ride?
     
  19. salesleader

    salesleader New Member

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    I'm not sure I would want to be out of this one
     
  20. StockJock-e

    StockJock-e Brew Master
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    How long you been in it?
     

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