Yesterday, the penny stock of Fannie Mae (FNMA) took a hit after setting a new high at $5.44, up 1600% since we recommended traders accumulate the multi-billion dollar mortgage lender. Their counterpart, Freddie Mac (FMCC) did the same but not before setting a new high as well at ...
Wednesday’s trading session on the OTC is being led by the penny stocks of the bail-out brothers, Fannie Mae (FMNA) and Freddie Mac (FMCC). After reporting $2.2 billion net income for Q2, its second quarterly gain in net income since being taken over by big brother, the mortgage moguls attribute the increase to improving home prices and fewer foreclosures. Based ...
