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Me neither.
HA! Yeah, i wouldn't exactly call 5 to 8 million shares "dry". We are in the valley of the dry bones! Sell all you have! The end is near!
The safer it becomes, the more expensive the stock becomes. GOOD POINT MELLY! If i want safe investments I would buy Johnson and Johnson, which by the way, did not even get phased in the wake of the 2008 financial crisis!
I actually made about 4k off a RDN trade. I wish i could have got in at $2.00 Instead i got in at $9.71 and sold at $13.80 or something. Nevertheless a profitable trade!
I just think it's funny all these people putting there two cents in around here.
Thank you for correcting me on that.
Yeah, the spot connect lets you talk with your cellphone anywhere i think. It give you a direct satellite connection. No nearby towers needed. Yeah the commercial printing industry has come a long way since the early days. No more film. Computer to plate. This is reality. In another 30 years it will be way more advanced. Hopefully i will be rich from my stocks and i wont need a day job!
Just a little insider information, i work for a commercial printing company and we are printing a lot of material for global star right now. I don't know if this means they are making money, but they are shurely spending it promoting their products which includes phones, spot connecting devices (to be used with your own cell phone) . Seems like they are sending us dummie samples of the phones and we package it with the brochures and send them out to different locations. I really would like to buy about 10k worth right now at these levels but i am all in on another stock right now.
Only idiots say the shares are worthless. They certainly were not worthless is 2006! People don't like the litigation right now over this stock, but I believe in due season, we will reap a harvest.
Yeah, if the bill gets shot down these levels will evaporate overnight which is very exiting. However if it passes this thing could truly be dead. I personally think it is worth the risk. One guy on here purchased 40k worth of Ford back in 2009 for $2.00 a share. He sold at 15 and made $230,000
Now he says he is all in on FNMA. Can't blame him. Housing sector is comming back strong. FNMA owns 90%. Seems to me like this stock is dirt cheap. Just like Ford was. I talked to a realtor and he said they wont wind down the GSE's. Besides they did what they were supposed to do. They backstopped all the bad debt.
Yeah, me neither. We are going to do very good. They not only will earn a lot on home loan purchases, but also on all the lawsuits - Citigroup and the Swiss bank. They can tack on another billion from those settlements.
I dont think this will shoot up like a rocket on the day of the earnings reports. However with a good profitable report there will be a host of other articles about FNMA repaying the rest of the money to the gov. And other positive stuff. This will help people believe that it could have some value. If earnings suck then we are all screwed.
I think 7 is more likely . I am in mostly at $2.41 - chasing.... But i also have some in at $1.36.
I don't want to be a bag holder . If i can bag a five or a six bagger i will be very happy with those gains. I do NOT want get caught in a dump. This stock wont stay high unless they release the GSE's from conservator ship. Then it will really have some value.
Dude, that dude don't know what he is talking about. He is trying to get you to sign up for his little piss ant stock picks. I PROMISE YOU HE DOES NOT HAVE ANY COMPANIES MAKING $57 BILLION A QUARTER !
I believe you are well on your way. Cramer once said " Discipline trumps emotional conviction." ( I do enjoy watching Mad Money) - In fact i bought Radian RDN on his recommendation and held it for 2 months. I sold it when i heard about FNMA making record profits. I made 4k on RDN. I am learning. I missed selling on the last surge, but i know it's coming around again. This time i will be ready. Discipline for me means don't panic sell, don't chase momentum, be patient and wait for the right buying opportunity. And take profits! I believe learning the market is like anything else. Mistakes will be made, i made a few. The most important thing is to learn from our mistakes and not to repeat them! I believe most people here want to help each other.
Thank you! This is a well written article ! This guy makes some excellent points!
Dude that is awesome! Good job on Ford!
I believe you. How long have you been trading? Me , about 2 yrs. I like you posts!
What a beautiful green candle!!!!!! Yesssss!
Wait what was the issue again? Can you trade OTC on margin with scottrade? Or can you trade OTC period ?
I think it will depend on the earnings. If they break another record and exceed 8 billion, i personally think we could see the upper 6's . But thats my speculation as a speculator.
You can trade stocks under $3 with scottrade online. I don't trade with margin. Never have never will.
I'll be watching. No more sleeping in for me!
I am with scottrade. They are really good. I have much to learn though. I was sleeping because i was on vacation that week. ANy other day i would be up around 6am.
I probably should have sold on the crash day. I watched $20,000 worth of gains disappear in 6 hrs. Talk bout want to puke! However, i hold the shares to this day. Now what i have learned is that i chased this stock a bit, ok well a lot. I got 5k at 1.36 .... This should have been 1.00 but stupid me did not look at the ask price. DARN! Got another 9k at 2.41. What i should have done was sold and made some profits and looked at the candlesticks and baught in again at 1.03.
Yes i forgot the may was 650% - But thats why i like you. You are realistic. You said no more than 500% and thats if it reaches. There are no guarantees. Very logical thinking. GOOD POST KUTGW!
keep up the good work.
That just goes to show you how fast the markets move. When this thing catches of fire again it will be like lighting. My first mistake i made was not executing the order correctly back in may. I kept on checking AON and it kept not buying the shares. It was 9am and FNMA was 2.20 when i finally figured out not to have AON checked of i got the shares. This was about 8 minutes later and i got them at $2.41 I was amazed at how quick the stock went up, but thats what happens. I need to be ready on the trigger when buying or selling, especially on heavy volume days! The stock market is a lot like fishing, when the fish are biting, you can throw any lure out there, but when they turn off, thats it. Its dead. Right now its ok for FNMA. The tide will begin to turn again millions of traders will be biting!
Oh so I'm not the only sleeper that missed the crash! Yep, its all good! I wont be sleeping in this time! I am learning a lot from this board. I think a lot of traders get discouraged if they make a mistake. However this is just like anything else in life for those that choose to pursue it. Like my day job. I made mistakes before, however, the most important thing is that i learned from them. So i have not yet sold my shares. I missed a good opportunity to make a lot of money, but despite all the negativity, i believe in this stock. I had traded Radian RDN ticker, and made 4k. This will be a good stock. Housing is coming back and FNMA will be profitable. Period.
This is TRUE! I am testing the +500% gains of march. You are spot on!
Mar 21, 2013 1.14 1.47 0.09 0.78 203,276,800 0.78
Mar 20, 2013 0.79 1.08 0.72 1.08 110,684,700 1.08
Mar 19, 2013 0.56 0.78 0.10 0.72 86,287,300 0.72
Mar 18, 2013 0.40 0.60 0.40 0.52 64,421,400 0.52
Mar 15, 2013 0.31 0.40 0.30 0.40 49,042,500 0.40
Mar 14, 2013 0.29 0.30 0.29 0.30 1,637,300 0.30
I took volume on march 31 of 1.6 million. FNMA was trading around .28 to .30 cents . Then the 15th was the big vol. jump. March 21 it reached a high of $1.47 !!!! .30 x 500% = $1.50 ! Wow !
May run
May 29, 2013 4.19 5.44 2.00 2.90 272,292,600 2.90
May 28, 2013 3.54 4.09 2.88 4.08 132,826,500 4.08
May 24, 2013 2.26 3.15 2.20 2.97 156,286,600 2.97
May 23, 2013 1.77 2.50 1.64 2.10 112,626,300 2.10
May 22, 2013 1.70 2.00 1.62 1.83 112,416,100 1.83
May 21, 2013 1.59 1.72 1.46 1.71 110,548,100 1.71
May 20, 2013 1.40 1.55 1.36 1.54 48,950,700 1.54
May 17, 2013 1.30 1.38 1.22 1.35 30,069,600 1.35
May 16, 2013 1.45 1.60 1.20 1.27 112,414,000 1.27
May 15, 2013 1.25 1.48 1.22 1.42 130,357,700 1.42
May 14, 2013 0.96 1.20 0.96 1.20 82,251,100 1.20
May 13, 2013 0.89 0.96 0.89 0.95 28,203,000 0.95
.95 x 500% = $4.75 I don't know if i did that one correctly, however it gives me a better sense of when to realistically take profits, which i did not do the first time. I was sleeping in bed the morning it ran to $5.44 ! So i am going to hold.
Leonardo Di Caprio on FNMA video!
I will be sailing on the EL Crappinyola!
“After months of hard work, we have reached bipartisan agreement on a path forward to give the FHA the tools it needs to get back on stable footing,” Banking Committee Chairman Tim Johnson, a South Dakota Democrat, and Mike Crapo of Idaho, the committee’s top Republican, said in a statement yesterday.
Mike Crapo of Idaho??? Im glad i dont have that name! Im going to take a crap!
The candlestick charts are becoming very useful as to predicting a bottom. I am getting used to reading them, yet i am by no means an expert. I am starting to understand that millions of other traders are looking at them and reading them for the support levels in order to get in the trade at the right price. Today we saw the $1.36 support get tested and it held up well. The Bullstockwarrior guy was spot on. I was a little critical of charts at first, but i am learning. They can be a very useful trading tool. But don't forget about August earnings reports! Go FNMA!
This bill better not screw up the august earnings report. The bill will be passed through the comity before the august recess which starts august 6th. FNMA reports earnings on august 9th.
I hear him say september. Good, they can't touch the august earnings report. He did say they need to act soon or the window for reform will close. This is good because the government moves at snail speed. I don't see anything getting done. Besides the treasury is making billions off Fnf right now. Why wind down a cash cow?
Scottrade charges me $7 per trade. I think thats fair . They are a very good online broker. I can always call the headquarters and talk to a real person and get help.
It seems to me, and i'm not that smart, that there were too many sub prime mortgages sold in the 90's and 2000's . This was the "bad paper" , the matchstick that lit the forest on fire. If we get rid of FNF all together and things return to their old ways where banks are deregulated there will be another collapse. Unfortunaley this one will take the country down completely. A few big banks did go under in 2008 like Countrywide , Leahman Bro's, Bears and Stearns ect... I just don't understand what alternative there is to FNF. The taxpayers must back the loans. I think it could have been much worse in 2008. Sometimes i think about the dollar . Like what backs it up? Nothing! Only poeple's faith that it has value. Nixon ended the gold standard in the 70's. Now the fed can print as much as they please. I was watching tv one day and someone was in another country paying with foreign bills. I remember thinking " man that money looks pretty worthless." How can you take $.05 worth of paper and $.01 cents worth of ink and make it worth $100.00??? It's kinda funny, if you look on the dollar bill it says "promissory note" yeah, like the government keeps promises.
Goonies R good enough for me! YA YA YA ya!
Only 12% of Senate bills made it past committee and only 2% were enacted in 2011–2013.
THANKS MC!
When does congress vote on the corker bill?