FNMA ... Money in the bank
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sorry, IMO it's going into the 1.30's tomorrow. News can change that though. :)
Honestly I would just sell your 1.46 for a 2 cent loss. This looks like a close of 1.40 and into 1.30's tomorrow ... all IMO.
When that 1.45 broke, that told me to wait til tomorrow. best of luck
1.40's coming quickly/shortly.
Waiting until the last hour to decide if I want in today or tomorrow morning.
There were some big buyers in the morning which didn't make much sense to me but now it is all playing out according as I thought.
More and more it's looking like tomorrow morning for me.
Well you can have some 1.51's in about 5 to 15 minutes
Thank you. I think I won't play this intraday without a news article, the lack of one gives me a feeling that maybe it was delayed or something that could really tank this. thank you.
It opened up much higher than I expected. I was thinking 1.50 but it was 1.55.
So far today the 1.50 support has held. This is just a psychological support. Resistance is at the 50, 20, and 10 Day Moving averages, which are 1.67, 1.63, and 1.57
I'm just watching to see if the whole day...except for last 30 min can hold the 1.50 support. If it does, I may enter at end of day.
Watching the drop.. .where is the news article of the uplisting today. I see the one from the 9th but you would think there would be another official one today
I agree, how do you see tomorrow playing out?
So i'm not actually buying with the margin... but the margin account covers me until my cash settles. talk to your broker.
Before I thought never use margin accounts, but honestly you need to if you expect to trade. On OTC I can only use cash but I never have to wait 3 days to settle funds.
If you have under 25k you can only do 3 day trades in a 5 day period.... but you can always:
Day 1... buy
Day 2... SEll, and then buy
Day 3 ... Sell , and then buy,
Day 4... sell and then buy
over and over with no problems.
also can make 3 additional day trades in a 5 day period.
if over 25 k, can make as many day trades as you want.
For tomorrow if you're set on buying, I'd wait until the last hour of trading.
You will see drops and bounces here and there, but don't get caught up in the emotion of (i'm going to miss the run).... realistically this stock is bearish and all bounces will come back down tomorrow.
Honestly what i mentioned above is one of the hardest things to master but probably the most important.
It does work with all exchanged I believe, ... Scottrade doesn't do OTC so that sucks but TD does.
Never tried it on the phone but i'm assuming it would work with their app.
Ill have to read that one. any other suggestions. I like those books because they're unbiased and easy reads.
I also have a margin account I don't really use it but I use in order to not have to wait 3 days to settle funds
with TD Ameritrade you get L2 quotes for free and with my Scottrade I use Scottrade elite and get the intraday charts for free.
I like to use a 3 or a 5 minute chart I like to focus on the MACD for intraday trading
Sorry i don't have private messages:
START HERE:
http://www.investopedia.com/university/technical/
there are 12 different sections , all worth reading.
Also go get the book TA for Dummies.... no joke, it is very very informative and impressive. take notes and read thoroughly.
http://www.barnesandnoble.com/listing/2689340846189?r=1&cm_mmca2=pla&cm_mmc=GooglePLA-_-Book_15To24-_-Q000000633-_-2689340846189
Honestly if you read and learn all of this, you will be one of the smartest. Other than that, use L2 QUOTES and intraday charts. Trading without these is trading blind.
best of luck
If you are on sidelines, just wait:
Support
1.50 1.40 1.30 1.28(or lower Bollinger band) 1.12(100 Day MA)
The lowest 2 supports might change a bit as of tomorrow so just check it on stockcharts.com
On this downtrend just watch these. But keep in mind a support might hold for an hour and then break. So don't do anything too hastily. You may have noticed today that it took a few tries for things to collapse. There is a negative sentiment to the market right now. The 1.02's are too recent to forget.
Couple other notes...
MACD crossover was rejected (bearish)
Parabolic Sar.... should cross on the next uptrend after reversal, as well as a MACD crossover (this is why I will most likely wait until Friday)
RSI / some other indicators aren't giving any strong signals IMO.
I know some basics, but thank you. Most of what happens tomorrow will largely be determined by news.
I've noticed that sometimes on a downtrend(which we've begun) stupid articles come out and cause panic selling resulting in even lower stock price.
My assumption is a gap down to 1.50, I think that will break and then 1.40 will be the new support area.
Now if horrible news comes out... maybe lower,
Positive news will maybe stabilize the price.
My guess is it's most likely going to see at least 1.45 tomorrow.
I'm waiting on the sides... I may or may not get in tomorrow, if not, Friday. :) I think Friday is safer. Last time this broke 1.40, it was ugly.
Yes, that is true. You will notice that it bounced off of the 100 DAY MA support. .. which is now at 1.12 and will slowly rise.
I don't think you have much knowledge on charting. Prove me wrong with some knowledge. :)
Please tell me you are not using trend lines. LOL.
LOL :)
I'm all about TA and charts.
But chart says 1.12 is the lowest right now. You just can't say look at the charts and then give crap info...LOL.
whoooaaaa, 1.39, lets not get crazy. I can see your close being spot on though :)
What do you mean??? I haven't been following the board much today.
Looking good here
Gotta be quick on the bounces. best of luck.
I watched the 10 DAY MA support just get demolished, along with the 1.50 mark.
I think I will take the day off here and look at buying tomorrow morning most likely. \\
I was initially looking to buy back in today but the bearish movement is pretty strong.
one of the sharpest falling knifes you will find. :)
10 DAY MA support might be worth noting as well.
Honestly I appreciate the openness and honesty. It is refreshing to see when traders list exactly what they are doing. It takes away from the whole idea of pumping up the stock while selling. thank you.
Thank you very much. I will be watching EDGX, I honestly didn't notice this yet. I'm on sidelines but this stock is intriguing to me.
Funny how sometimes you can find the one
"trouble maker MM" and and can trade based on that.
Even watching L2 and intraday charts are confusing on this one.
MY ADVICE:
If you want to buy or add to position. Say ok, now i'm going to buy, then wait 1.5 to 2 hours. Then re-evaluate.
Most likely by waiting you will see most bottoms have been false and it drops lower and lower. I'm curious to see if 1.50 holds tomorrow.
Best of luck to everyone. If you are long at these prices, I think you will come out doing just fine.
IMO, the gaps are caused by a sort of periodic dumping of shares:
Big sellers are ruthless for a min or 2 selling, even at the bid they are dumping as we see. This removes all the buyers so quickly that it is irrational to keep selling. ... then they pause for a few minutes and then resume this pattern. If they are the only ones selling at the bid and drive it down 2 cents and then take their hand off the trigger, the result is a gap between bid and ask.
Watching this today made it almost seem very sneaky the way the selling happened. It was periodic / made buyers watch and then enter to only watch it drop again. Everyone is looking for the bottom and these sellers are hoping to attract more buyers while dumping by making (bottom looking) prices... drops... levels off, pops a bit, drops even more... levels off, pops a bit... drops even more... on and on
I had a buy order at 1.63 which was the 50 DAY Moving Average (support)
After I saw that it was coming down quick, luckily i removed the buy order. I don't often like to not hold overnight with FNMA because I don't want to miss out on a possible run the next day.
However today I tried to relax and realize that from a TA standpoint, a stock closing at the low of the day will most likely drop more tomorrow... at least in the morning... vice versa if it closes at HOD.
I think we test the 10 DAY MA tomorrow around 1.54... I think I will be looking to buy around 1.55 If it breaks, I will sell.
haha, sometimes having money tied up is the best
Does the 1.63 support hold???? 1.68 was broken
Selling is much too strong. Red today and red tomorrow, then on Thursday we shall see.
Thank you for this.. I was able to hit up the gym while listening. Overall I thought it seemed very positive. My guess is this rises to 1.80 plus tomorrow now that some uncertainties were cleared up.
This is very true. Tomorrow should be interesting.
I really thought the news would give us higher volume and a higher close. Oh well, the important thing is the 1.69 Support now.