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Ripcord01 Member Profile
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Ripcord01   Monday, 10/07/13 07:12:31 AM
Re: None
Post # of 297772 
Pre-Market Information

FNM.SG on Stuggart Exchange is 1.07 (Euro) approximately $1.45 (dollars). This suggests a possible lower opening.

Premarket numbers for all major exchanges and Indexes are showing down today.

FNMA and FMCC has shown the ability to defy the broader conditions of the market. However, I'm thinking we will see decent volume today and not the astounding numbers we have seen before.

If we do see high volume it will have to be an institutional investor making a play or it will come in the form of a panic sell off.

Disclosure: I am long FNMA. Over the next week, I'm not planning on increasing my position unless I see a solid drop in the stock price.

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