Published on May 28, 2013 4:54 pm
Things have moved forward very quickly for FNMA (Fannie Mae) since our bold claims only 2 months ago. Already within that time frame the stock has seen 400% gains as it currently trades up at more than $4 per share. In the special penny stock blog alert that we had released for Fannie Mae, we proclaimed that the strange times of labelling FNMA as a penny stock would likely soon be behind us, as we expected to see it reclaim a certain portion of its grandeur and be trading above $5. Already within this short time frame, we are quickly being proven quite correct. Why did we choose the $5 barrier, as a major turning point? This was because according to technical definition, any stock trading under $5 per share is classified as a penny stock but it was clear to us with the fast growth that the company was seeing, combined with strong news with regard to lending, FNMA (Fannie Mae) would not be a technical penny stock for very long.
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We continue to expect a great deal of movement from both FNMA (Fannie Mae) and FMCC (Freddie Mac), which have both been seeing substantial rises in share price, as they mirror each other all the way up. In reality, these companies were never meant to be penny stocks and are seeing meteoric rises because the public is beginning to remember just where it is these companies are coming from and just how much they have in the works between each other. We expect to see a great deal more attention paid to the stories of these two and equally expect to see them reclaim the established titles that they once enjoyed. We will be providing continued coverage on these fast moving stocks, so be sure to subscribe to our newsletter service if you have not already done so. While we do offer an elevated Platinum Level Membership, subscription to our basic penny stock newsletter service, is absolutely free! Subscribe to our free newsletter service at
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