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?
- Fannie (FNM)
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- Three themes to take away from companies that have gone bankrupt:
(1) Family dining and Casual Dining make up the bulk of companies that have gone bankrupt.
(2) Inefficient consumer proposition
(3) Executive suite revolving door
Since his predictive models have proven to have little to any short term value, it is critical to understand that Ben Bernanke will be hostage to reported data throughout the coming months. He will blow with the political winds associated with that data.
Stagflation is here.
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