• Hedgeye Investing Summit: A Special HedgeyeTV Webcast Event

    The sharpest minds in investing discuss the most important market and economic developments and their investing implications. Watch the free replay.

The other side of the washout that is going to occur in the hedge fund community is the squeezing of their consensus shorts.

Fannie had a +30% squeeze move today on huge volume to close at $9.20.

My model has this stock with the potential to run-up to $13.02, and nothing changing in terms of its bearish formation. If it does, how many short selling geniuses out there can manage that risk?

KM

  • Fannie (FNM)
chart courtesy of stockcharts.com