FNM has actually gone up 10% since Jim rogers article came out predicting a fall to $5. Does anyone see a reason why it should continue to go up?

Steve,

It's a time frame issue. I've hear Jim Rogers say that he is "permently" short FNM. So timing isn't an issue with him. But if you're trading, it's a different deal. I was stopped out of my FNM shorts last week at about 63. But I'm looking to re-enter. In fact, I may re-enter today now that it's bumping up against its 200 day moving average. I'm always willing to take small losses more than once in order to catch a trend.

Larry