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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