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Agreed, and if you look at the Edgar filings these big players have to file their ownership positions with the sec. Compare that volume of shares by hedge funds including the $500m buyin of yesterday.
Can you say shorted to death? I agree with you, this smells like a big ole bear trap getting set. In addition to cleaning out those bears it does a nice job of clearing out weak retail money and flippers.
I would also not be surprised to hear that some deals between hedgies and mms were struck to grab shares at more affordable prices. Lots of ways to skin a (scaredy) cat!
Insane! Most everyone in under $1 has profits and is riding many free shares. You are high and its only Thursday.
You still think this is about retail? Lol. All the spooks did was pick low hanging fruit. Aka weak retail.
This is a billionaires stock not a pink. They play rough and they want it all. Surprising how many people cry while in the act of handing over their money. Stop selling into fear. Wow!
I don't know if OTC markets is updated instantly but if you go to sec.gov and look under current Edgar filings you go straight to the source.
Yes. Novice investors should go to work and stop pussy footing in the market. Reminds me of all the kids who got new surfboards for Christmas and got spanked back to the beach with a strong dose of reality on their first day out in real waves.
Or....if you can't stand the heat, get out of the kitchen.
Arca showing 2.49. @ 300 bid and 2.54 @ 1000 ask
That's ok. I'm no lib but I'm no rep either. They both have huge problems that end in the same place. I sit in the middle and try to be pragmatic with a big dash of fiscal libertarian conservatism.
I'm not going to shoot my neighbor because god told me that gays are evil or that I need to start a neighborhood militia.
Tea baggers scare the crap out of everyone. I agree with Bob Dole, these guys wouldn't have elected Reagan, Bush, or Nixon for crying out loud. They can't be satisfied without a return to frontier justice.
If you are at all serious IB is your choice. Etrade is not much different than ST. IB is a better platform for serious trading. Plus you won't likely get shut out of the curious "restrictions" st and et put on some stocks.
If that's what you think then now step back and realize that that's what they want you to think.
Here is the next trap. Now that so many retail are spooked and now that so many traders think they are so genius I for one am glad to have gotten back in at a 40% discount off today's high.
Fnma will be going back up big but with such a correction I would be happy to not get stuck out of your seat when the mms yell goose again. Expect there will be traps for those who are still trembling and those who think they need to go buy a box of Magnums.
Get in and take a seat. You got a gift. Any losers on the day can make it back up in short order.
Fnma$
Yes sir! Good day here mate!
There is a word for guys like him...
It's called..goodbye!
Lets get ready for the next round!
Cheers!
Yes. Agree 100%. Today was awesome IMO. Technicals aside human nature is a hard thing to shake $5 was a psychological barrier for many. Technicals called for it but the market kept charging at that $5 mark.
Congrats to everyone that saw this.
For everyone else, buck up. If you liked FNMA before you should like her more now that she is getting legs to run on again. Technicals are re setting, weak hands got weeded, and the fundies are as solid as any. Politically this run has been a giant leap forward.
Lick your wounds if you got em and learn. Sack up a bit too and for god sake quit with the stop losses....pa que?
Get ready for an even better round three!
FNMA!!
True. $10 is the next target. Great recoil in effect. Awesome day!!
You were wrong. Stocks go up and down. No great trick to bet that eventually it will do one or the other.
Timing is EVERYTHING.
Today the award goes to all that sold above $5 and got back in under $3 or $2.5.
Perhaps you even did ok today but let's us all remember that you called for a reversal starting last week. Anyone listening to you would have blown over $2 in pps gains.
You have no credibility and you clearly have no shame or the ability to filter the drivel that comes from your brain.
So sorry for your overnight attempt at twitterdom!
Interestingly enough etrade shows $2.90 close with $3.70 ah t trade.
Now why when the mkt closes high and t trades come in lower does etrade show my account reflective of the t trade amount but when it closes lower than t trade amount they show my acct at closing price value?
Just rhetorical since there is no good legal answer apparently.
That's too bad. It's the same stock as yesterday. Pros play hard. For a reason!
I followed you today. Out at $5.1 back in at $3. In my head I said $2.5 but read your call for $3 and set it as I had to run.
Not upset at all with the day. It's still a trillion dollar company that the pros just stoke a big chunk of from scared money.
Wow. Sold at $5.1 to hedge a bit. Did not see this big a gift coming though.
Ill take it! FNMA!!!
The correction you are looking for is under way. It is the correction back to true value. Take your play book and chuck it or you will have to listen for years to stories about FNMA gold rush.
Kind of like the poor little seal that gets blasted out of the water by the giant great white, before it gets eaten its going to get played with a bit. Poor little seals.
FNMA
But he is so sure this time!
And he has that authoritative looking dog for an avatar...
Fear mongering FNMA on ihub on a stock controlled by hedges. Lol!
Hey you can try fishing in your bath tub too, after all its water right?
Because over 80% of the population is scared all the time apparently. Scared drivers, scared of terrorists, scared of the boogie man and most definitely scared money handlers.
Their friends neighbors dog's groomer told them fnma was a hot stock this week end.
I know right? This stock continues to be so strong. It goes up....consolidates....and keeps going up on the daily!
Many here keep stressing that you can't look at this with pink glasses on or even like a normal big board stock. The money is here. The profits are real and so is the book value. It's all politics here now.
This am the president and Chris Chris Christy toured NJ beaches hit by Sandy. The media is sending a message of bi partisan kudos for their attention to Hurricane Sandy relief and the recovery of the housing market at large.
Whether this is a serendipitous event or a coordinated media effort the timing couldn't be better for fnma. The politicians love being in the spotlight when they are getting praise. Now they are being credited with F and F recovery, deficit reduction, Sandy relief, Moore Ok relief, omg we needed this. What politicians worth their $300 haircut is going to risk blowing this kind of public image success story?
Fnma!
I think so too. I considered a flip today from out at $4 and a bounce back in at $3.5 but for less than an additional 15% of shares its safer to hold and add than to guess what this beast is going to do.
GLTY!
That was a falling knife. It's historical but its insignificant. IMO it is merely a psychological barrier and one that will get crushed.
I would not try guessing at flip on this. It defies normal trading rules and trends. The reason is that the value and fundamentals are there. This is a political issue that is gaining public support to bolster shareholders enthusiasm.
There are 1/2 a billion screaming bulls running down the street. You can move in the same direction or get out of the way but running at them is not advised.
That was a falling knife. It's historical but its insignificant. IMO it is merely a psychological barrier and one that will get crushed.
I would not try guessing at flip on this. It defies normal trading rules and trends. The reason is that the value and fundamentals are there. This is a political issue that is gaining public support to bolster shareholders enthusiasm.
There are 1/2 a billion screaming bulls running down the street. You can move in the same direction or get out of the way but running at them is not advised.
That was a falling knife. It's historical but its insignificant. IMO it is merely a psychological barrier and one that will get crushed.
I would not try guessing at flip on this. It defies normal trading rules and trends. The reason is that the value and fundamentals are there. This is a political issue that is gaining public support to bolster shareholders enthusiasm.
There are 1/2 a billion screaming bulls running down the street. You can move in the same direction or get out of the way but running at them is not advised.
Absolutely. Emotions fuel the masses. More over the masses just want to read the Cliff's Notes and not be bothered with the minutia. They did not get here via a solid discovery process they got here via Lamestream Media coverage. Soon more will follow IMO.
Do you need a hug? Sorry you mum didn't hold you enough. Did that make you angry? Is that why you choose a life of tool bagedry?
I know FNMA was discussed at one dinner party and one beach barbecue this weekend and I'm assuming many more as well. Lots of new faces will be getting in this week.
Bwaaaaaahahahahahahaha!!
Ballers ball while they talk and sit against the wall! They have nothing to gain or lose. They will simply say, wow I guess we didn't see that coming and embrace it along with everyone else.
Are you going to be happy licking your wounds when you could have been licking your lips?
I'm making more as fast as I can and giving it away!!
This is no pinky p and d. We are golden here!!
I'm locked and loaded. Looking for that huuuuuuuge gapper on Tuesday!!
YOU can't sell. THEY can sell short. Their rule book has one rule. There are no rules that can't be amended for THEIR benefit.
Why? There is no basis for that argument. None
Yes sir. A win is a win!!
Ok. Just saying that we are looking at an anomaly here. Is goes up and consolidates along the way. RSI gets reset mid session and goes up again. This is not a typical trade. The value is way above us. This is solely a political football to kick around. Any democrat has to see this as a huge win and can say the bailouts worked. Any republican would be a fool and would lose any re electability to risk being responsible for thwarting a housing et. Economic recovery.
The media whores are all over it. But I digress. I'm a freak. Good on you for all your profiting. Go fnma!!
Ok. How about a video, from Monday this week?
Amazing. You talk about it still like a stinky pink. How about trading around a core position? Longs here are crushing it.
This will be a great American recovery story IMO.