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Such penny stock talk garbage
The bottom was in weeks ago. That was the buying opp. The CC would have really had to tank to push this lower. Earnings at this point in time do not matter. It's acquisitions, capital restructuring, and realized profits in 2016 all of which are pointing in the right direction. Wait a few days for a bottom? That bottom might be slightly higher than current price.
I really like how you put will & down in bold.... That's what hit home for me.
Or "I spun my wheel of stock predictions this morning and it landed on this"
Finally starting to form a base and a higher high on a LT basis
Brokers know it all don't they. Man I hope your paying him a solid commission for being able to predict the future
Amazon is a company that is allowed to retain capital and have earnings. Ours are dust in the wind.
This is setting up for a move up
What I said was "this was a trend change". So let's break that down before you get too excited about being "right".
The trend was down. Clear lower highs over a six month period drew a perfect downward trend line. And up until our recent spike we bounced right off that trendline and back down to 2.20-2.10 and even 2.
Fast forward to my post. I said this feels different and could be a change of trend. We broke through that trend line convincingly even piercing the 50 and 200.
Now regarding your "excitement" over being right. No matter what points you use to draw that downward trendline that was acting as a ceiling for us.... Wait for it..... We are still well above that ceiling that we broke through. Unless we fall back into that pattern, here's the kicker, the trend has changed. So it could potentially fall back into that bear flag but your a little early just yet
Think you need to go back and give it a little more than a glance over. I'll stop this back and forth it goes no where like usual
The Delaware fast track? You must be kidding. Depending on that decision the reward just decreased while risk increases. That ruling will favor preferreds not commons and could seriously hurt us.
Okay so back to the "if" world. If they are released. Or "when" they are. So really you could have just said "no". That you have no actual reason or fact. Just the hype theory of "if" they are released or "if" Sweeney throws the book at em.. Trading on "ifs" or "might" is the a great way to become shortsighted.
We are all here involved with one of the greatest scandals in government history ("hypothetically") and real companies with real employees intertwined so deep in the US housing market that untying that web would be a task no one will take the chance of attaching their name to it. We are talking about companies that allow the lower class to provide shelter for their families and give the great American Dream a chance. Companies that century after century politicians have discussed shutting down or removing for our system and it has not ever come close to happening. Companies with trillions of assets, make billions of dollars, and are piggy backed by crooked bankers and politicians. That's what we are all here buying and selling and the only thing you have to offer is "float", "lemmings", "if" & "when"....
Block buys will come in, as we have already seen, on down days after a retrace at the lows of the day. Yesterday was a perfect example. The volume you don't see is because people are too busy saying "wtf why are we going down, or this stock stinks, or arguing with shorts" and fear for their money rather than pay close attention to the 4 block trades of 250k at the day's low that don't move the price lower.
I simply hope we can regain the 50 immediately this morning. Nothing else matters right now
Float doesn't matter because while it takes less volume to push the share price up it takes less volume to drive it down. The price has retraced and held the 50 so far and that has nothing to do with a smaller float. A smaller float should be more volatile not less.
Earnings do not matter to anyone because the companies do not retain them. You can argue that point but I can recall some serious stellar earning reports over the last two years that didn't move the price an inch.
Your 0-2 so far
That trade was a T trade or U late trade that happened earlier in the day but didn't hit the tape until that time frame. It was not a big buyer coming in last second to scope up shares because yesterday's close was absolute bottom. We broke through the 50 yesterday, I would expect a bump up to 2.32 and slapped back down. The action over the last two days was pretty poor. We have continuously fell through supports and I expect that to continue. Im sure someone will respond calling me a shortie or a lemming... I have no idea what I'm talking about. There, no need to say anything now
Alright in the two paragraphs you took the time to write you basically said Freddie has more buying pressure than Fannie. Thanks for breaking that down for me.
I guess I should have stated an exact question. Here, "Do you have any reasons/theories/facts to support why there has been a change in trend of volume/price resulting in a slightly more stable Freddie price/chart?"
I find it odd that Fnma broke the 50 and fmcc held it. The pattern for one suggests further down and the other a possible bounce.
You should jump out of that short. You made your 15+% from the peak of 2.70 and the 50MA will hold 3 days in a row. "Smart money" like everyone says here, is buying or has bought over the last 3 days.
Yeah but it wasn't in the order you would want to see moving forward. We couldn't sustain any type of upward pressure even if it was to just hover near the open price we instead made a new low for the day. This action, even though early, might suggest a breakdown through the 50 today
Looking for a quick 2.32 touch and close green even if by one cent today
Actually it's extremely healthy right now. Heavy. Volume has occurred closest to our low of day prices past two days. The fact we have tested the 50 and held two days in a row is a positive thing. Looking at the price at this very moment might not make you feel warm and fuzzy but know the technical action that has occurred yesterday/today certainly supports a higher price in the coming days which should make you feel slightly better. I sure as heck know I feel better since this didn't crumble through the 50 and crash right back down to 2.10.
I wasn't counting anything I was stating and exact price movement that would make this attractive going in to tomorrow.
4 more cents and we have a nice bounce tomorrow
True but don't concern yourself too much with that gap or any gap until we find a true bottom
And what's with all this "lemming" talk. While inexperienced traders are involved in every stock there are just as many experienced traders buying/selling keeping the movement in line with what the technicals might express. When there is a top it is not because lemmings are selling it is because traders are selling an inflection point as shown on the charts they look at. That selling overwhelms the so called momentum/lemming buying which in turn leaves bagholders and momentum sellers. Lemmings do not cause tops or bottomed they get burnt on tops and bottoms. Unless there is a different definition of lemmings you are referring to....
What a naive comment
Now if we can test it one more time, hold, and move back above 2.38 I believe that might show a bottom, but really still a long way to go today
I am young and actually take profits to bolster my yearly income. My IRA is where I hold long term. I have a Scottrade Day Trading account which is where I keep my accessible funds knowing I will get hammered at years end but also benefitting from a higher combined income. It's the best scenario for me for now I believe
One thing is for sure you will either be wrong or right today as we test this 50 again.
Love the gap down. Quick retest would be ideal
I trade Fnma and nothing more because the swings are too easy to time. The hype is just about as ridiculous as I have ever seen on any board. There is always the chance it plays out the way so many hope but highly unlikely and even if it did there will be too many crazy swings that simply buying, holding, and watching it everyday would grow you old quickly.
Actually the basic def of a hammer is a sell off at the open and buying pressure closing the day at a much higher price than the low of the day resulting in a longer wick than body... Which is exactly what happened yesterday. It's not an "ideal" hammer candle and I certainly do not believe it's a sign of reversal but hammer nonetheless. What would be ideal is to follow up today with a green hammer after retesting the 50 or a simple doji set at yesterday's close price. We need some type of confirmation that selling has subsided or atleast met with equal buying pressure
Right I agree with that. I am in a hold pattern unless some support is seriously breached. This is a new holding for me purchase between 4.40-4.75.
When this breaches 5$ heading down?
Very good close. We tested the 50, closed above the 100 and 2.37-.38 which has months and months of support/resistance battles
Which is 15% from where we are now after a 35% move upward from August 24th if you were smart enough to buy and not sell at the bottom or 28% move from 2.12 on 9/28 if you were smart enough to buy and not sell. So now here we sit barely 15% off recent highs resetting to the 50 which was hardly tested all while cooling off the RSI and hopefully closing over 2.38 where we consolidate and build another ascending triangle back to 2.65-2.72 where we break above that just like we did 10 days ago
Once again.... Very very basic charting would show anyone the 2.70 possible top and a nice 2.30 reset off the 50. This isn't magic nor does he or anyone else have some inside track. It's all there in the chart
Now this is a reset. Those claiming last Thursday was a breather/reset do not know this stock well. Needed to kiss the 50. We can hope this area holds and will still look like a good chart and know even if it doesn't hold we have 6 months of consolidation in the 2.20's
Let's reframe that to well informed money looking for a high risk high reward position is buying