Feb 18, 2005

A Fannie Bounce?

As I watch Fannie (FNM) fall here I can't help thinking it will make its way back to $60 for the close. To many long gamma positions with profits to capture if a bounce gets started.

That said if it does make $60 it becomes a pretty compelling short for next week with expirey out of the way.

No comments:

Post a Comment