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I don't think that guy has any idea what he's talking about.
I think we may dip as low as ~1.55 tomorrow and then start our next big bounce up to at least 2.50. But I think it's more likely that we'll just slow down around 2.50 but then continue on up to the 3.00~3.50 range. It's conceivable that we could drop to as low as the 1.20s tomorrow before that happens, but I doubt it.
My analysis is based on charts and tracking how our price movement relates to the last big run we had from .30 to 1.45. Specifically, I'm looking at how the daily 25 MA was our bottom support during that run. And I think our current price action will mimic how we moved around March 28th.
Yeah, it looks like it. It's feeling a lot more solid now.
I'm tied up in a few others at the moment, but will probably try to buy on a dip in the next couple of days. Would love to get in under 16 if I can.
I wouldn't sweat today's movement too much. This thing is heavily manipulated by algo trading IMO. I think all the news and hype will factor into how high our next big run is. But until that begins, I think we're gonna wiggle around here a bit regardless of day to day events.
Anyway, good luck man! I hope you find a nice entry tomorrow.
Well, I gave up and got in at 2.18. Are you back in?
I'm here. Hoping to get in at 2.14
Good question. It did sort of feel like today might be the "real" bounce start. Especially since the daily RSI is below 30 now. So if we haven't hit bottom yet, I would think we will soon.
But I just don't know. It's done way too many fakes on the way down for me to have any faith in calling it. Also, it dipping back down after the afternoon rally doesn't fill me with confidence.
The unfortunate bit about all these fakes is that I fear by the time we can really confirm that the bounce is for real, we'll have missed a large part of the move. But hopefully not. Looking back over the chart, it had a big fall last December and another in Jan~Feb. In both of those cases, when it bottomed out it went sideways for a couple days. So if we're lucky, we may see that happen again.
Best of luck!
Wow, this thing's on fire! It came up on one of my scans over the weekend. By the time I checked it out this morning it was already way up. But I still managed to trade a bounce for a nice little ~10% bump.
Just curious, do you know why this thing fell so far over the past year and why it's running so hard now?
Nice! Best of luck to you sir
Ah, good to know. Daily 30 MA, huh? That's a weird one.
Anyway, 41 would be a sweet entry. If it dips that low, I may add some more.
Thanks. I would be happier with it if we closed over 45, but it was nice to see that little push in the last 10 minutes. All in all, I think if the market holds up we'll be back in the 48~50 range soon enough.
Are you in this one currently? What's your take on it?
Doesn't look like that gap's gonna get filled today. Maybe since Fannie closed it's gap, they're calling it good enough for now.
Still gonna wait for re-entry tho. This sideways action is boring. Heh, but with my luck it'll gap up tomorrow and run.
GLTA!
Looks like it. Nice to see it back over 45!
Congrats if you got in down there. I really didn't think it'd fall as far as it did.
I'm still hoping we close that gap. I've got an order in at 2.17 and am keeping my fingers crossed.
Yeah, XONE has been doing great since its IPO. I just got back in at 45.60.
Not sure how PlayDoh is doing these days, but I hope well. I don't want to picture a world where PlayDoh isn't cool anymore
Man, I wish that Play-Doh thing was real! I would totally get one for my nephew.
As for XONE, I think you're right that we'll consolidate a bit here. Six up days in a row was a nice move. But I think it needs to take a breather before we try to break 50 again.
I think your analysis is wrong on a number of levels. For starters, a "Dead Cat Bounce" happens after a prolonged downtrend, not a quick retrace from a dizzying run.
Secondly, I firmly believe that the price movement of this stock is largely driven by a HFT algorithm. If you look back over time you will see similar repeating patterns over and over. Given that, I see no reason to think this will drop under a buck anytime soon. Most likely we'll bounce up and down a bit here until the bounces tighten up into a flat-line. After that happens the next big run up will occur. If these bounces take us lower, my guess is that the daily 50 MA around 1.15 would be the absolute bottom. But most likely, we won't dip that far. In fact, I think we hit rock bottom today.
Next, unless the govt does something to flat-out squash the idea of FnF returning to the private sector, I think it's a safe bet that the fever for this stock will continue to build. More and more big players are betting big money on it. That, in turn, will cause more media exposure and put pressure on politicians. Politicians tend to be spineless. They do what their campaign contributors want. In many cases that sucks, but for investors here I think it'll work in our favor.
Honestly, the only thing working against FnF is that they can soak them for more money. But I doubt that will last forever if external forces push on them.
If you have any solid arguments to the contrary, I'd love to hear them.
Yeah, E-Trade Pro shows you real time charts and Level 2 information. You have to make 30 trade transactions per quarter to use it. Each buy and sell counts as a transaction though. So if you buy 15 times and then sell 15 times, you qualify. It's still a lame restriction IMO. Anyway, the new quarter starts in June so you'll be starting from scratch next week.
I think if you open an account with TD Ameritrade you get access to their trading programs without any requirements like that. But I don't have an account with them, so I'm not 100% sure about that.
Nice solid close above $2. And I'm with you, I'd be happy with +25% any day of the week
Fannie is bouncing between the 15 minute 20MA and 50MA. I think if Fannie breaks the 15 minute 50MA our next little jump up will happen.
Yeah, I got out a couple days ago with a small loss too. I assume this will bounce back at some point, but it looks like the bleeding isn't done yet.
And I agree, the company needs to do something. If they can restore confidence, it could make for a sweet comeback move.
Ospreyeye, I hope you're doing OK buddy! We all miss you here...
I also don't think it's coincidence that when Freddie commons kissed $5 it was all over (Fannie was an odd spot 5.44).
It's all good. I don't think this will drop much further. I think we'll be back in the $3~4 range soon enough.
ARCA is straight up trollin' people today
What a crazy ride this thing is!
I use E-trade. They have a flat rate and I haven't had any major issues with OTC stocks. Ameritrade is notoriously problematic for OTC from what I hear.
That said, I have thought about opening up a second account with them to check out their Think Or Swim program. Etrade's Pro Elite trading program is OK, but I get the impression that ToS is nicer.
Wow, yeah 25 seconds seems really long, especially for a market order. You might be right about Freddie being harder to fill, but today's the first time I've had any noteworthy problems trading it. The previous runs went pretty smoothly. Hopefully my good luck will continue. Knock on wood...
Yeah, I had trouble getting my sell orders with e-trade at the top of the first bounce. I tried to adjust it a few times but no go. Once it hit 3.20, I just waited for the next bounce and luckily my order went through on that one at 3.30. My two buys both went through OK, but both took a little while to register.
This is why I trade Freddie BTW. Since Fannie has higher volume, I suspect it has even more problems with orders not going through during crazy moves like these.
Every once in a while I've seen them get out of sync. Like Freddie will drop below a moving average that Fannie doesn't. But it never seems to matter. They always sync back up.
And back in at 2.75. I might just let these ride for a few days.
Sweet action today!
Yay! Got out at 3.30. Good times :)
Nice one!
My sell order didn't go through, so I'm just gonna ride it out for a bit. Stupid OTC routing...
In this case, I think it's allowed
Don't worry. We're good. The MMs were gonna drop this to fill the gaps. The manipulation is so obvious sometimes. This is just a bit of added panic selling. It'll be back up there soon.
Booyah! I'm back in this baby at 2.10.
Let's play FILL THOSE GAPS!
I bought some today. Was looking good for a move up soon until the big sell-off end of day. Any idea what caused that?
We're definitely oversold here. I'm hoping things turn around tomorrow and head back up.
44s are up. Could we actually close green today? Would be nice...