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Great article! Thanks for posting.
This will be one robbery they will never forget.
I do but the cost of my money tied up in comparison to where Fannie is right now is not worth the opportunity cost I would lose in other plays.
I have a strong feeling I will get back in at the right time. No worries here.
It sure can. With $FNMA, anything is possible.
Generally speaking in terms of buying Fannie after confirmation of release.
While not playing FnF right now, trust me, I am watching these two companies closely. My Google News Alerts and Brokerage Alerts have been tightened up since I exited on Thursday.
I know what is possible here so I am monitoring the movement of the stock and looking for indication that some news will be making its way around.
One other option traders have is to not buy at all. If I believe a stock has gone further up in price than I want to pay and it offers a poor risk versus reward ratio at the current share price, I have no problems with passing it by.
No worries. I am 100% fine with my decision. If she up lists and I miss it, it's not the end of the world. I won't cry, I promise.
I will take my chances. If I have to buy a little higher, that's fine with me. At least I now have the opportunity to trade other tickers that are moving a little more than Fannie pants.
Nope, I won't be left wondering why I didn't stay in Fannie. Reread my post again. I have accepted that Fannie is costing me too many opportunities. The opportunity cost far outweighs the unknown waiting game for release from conservatorship.
If I have to buy back in higher, so be it. I am fine with that. That just means I will ultimately flip this puppy at an even higher PPS.
One thing I will never, ever let mess with my psychology or emotions in the trading / investing game is the lack of opportunities. Opportunities in other plays exist here before Fannie's release and will be here in other tickers long after Fannie's release.
If Fannie runs, so what. I will get in where I can and enjoy the ride. If it is at $3, $4 or higher, I will sleep soundly at night. My psychology and emotion control has strengthened 100 fold (thank you, ClayTrader!). Fannie ain't the first and sure won't be the last but I am fine with wherever I get in after confirmation is received of her release.
It bites to have to wait out the government games with Fannie but that is a part of the process. It may be time to evaluate if it is worth the cost of staying in Fannie until confirmation is received.
I went through this process recently and decided to bail because all of my funds were tied up here and I was missing the opportunity to trade in other stocks. So going all cash after a $1700 profit from $FNMA on Thursday resulted in the following for me:
1) I now have the option to trade in other tickers.
2) I risk having to pay more for Fannie if news comes out over the weekend or after hours.
The opportunity cost I paid sitting in Fannie 100% was too high. I'd rather have the opportunity to trade other tickers that are on the move now. Once it is confirmed that Fannie is approved for release or the stock drops low enough to where re-entry is pretty much a no-brainer, I will re-enter. Until such time, I acknowledge she is very news driven and not much is going to happen until the right news is released.
I thought I would share this with you to see if it may help you in any way. Good luck.
Gotta love the political games played by both sides, Dems and Repubs. It's like the Matrix, you take the red pill or the blue pill but you still remain asleep.
Any catalysts to start the turnaround?
What does this mean in Layman's terms?
Lol!!!
We should have wrote in Nit Romney for President on the ballot in 2012.
Nittens!
My laptop was taken hostage by it previously and it took me a while to remove it. My desktop is clean.
Before I visit iHub, I run a manual update of Norton's and other security programs on my machine. You would think that a pretty popular site like iHub would have tighter security in place. Guess not!
Oh, that looks like a good one. Thanks.
It actually downloaded itself after I was redirected to the page. Thank God Norton's Security Suite picked it up right away.
Have a great weekend, all.
Great ending for the bulls....ended the day up and made the bears retreat back to the $2.50 line. Hot dawg!
It would suck for me and others on the sidelines but I am willing to take that chance so I can flip in other stocks to build a bigger position here. I was all in up until yesterday.
At least the new battleground is $2.49 instead of $2.47. Bulls are inching it up. Nice!
C'mon Fannie. Break that $2.50 wall and we will be partners again.
That, anti-virus, ad-aware, root kit scanner, etc. This is horrible to be such a popular website. I have ad blockers on now and even though Norton's caught the software trying to download itself onto my machine, I am doing a full scan now.
Not that bad. I want to see it break before I hop back in.
Just on the message response page alone, 9 ads were block. It's crazy.
If $2.50 goes, I'm hopping back in.
Lol! How right you are. That $2.48 wall dropped like a sack of potatoes.
Ahh, life is good again. I just added it. Thanks a million, chosenuno. Very cool.
I don't. It is the ones that are displayed automatically on the site. No telling where these ads may be coming from. Oh well, Norton's is on the case and keeping me protected.
Folks, I hope you have anti-virus on your computers. Some of these iHub ads try to install malicious software on your machine. I had one that redirected me to a Flash installation website but Norton's Antivirus caught it.
$FNMAS has over 6M in volume today.
Has anyone ever seen the Berlin Wall in-person? If not, just look at the Ask right now. Good lawd! 310K shares.
Awesome! Hope it works out for you.
Correct. An actual statement confirming that FnF are coming out of conservatorship, etc. To me, that's THE CONFIRMATION. Everything else is just steps pointing to it. I want that confirmation so I can go all in.
You are correct. With news driven stocks like $FNMA, it should be expected that once the news is priced in, it's going to fall. That's pretty common.
Being that bulls are waiting on Uncle Sam for additional confirmation and ultimately, THE CONFIRMATION, they have no motivation to keep buying and pushing the price up when all the bears have to do is sell it down. Gravity is at play. What goes up must come down. How far it comes down, who knows, but it will drop a bit unless Uncle Sam feed some stronger news to the bulls. I'm sitting all cash and looking for other plays until we get stronger confirmation, which could begin leaking out the first week of December. Fannie has cost me quite a few opportunities for only a $1700 profit yesterday and I was sitting in this several weeks. Too high of a cost right now when I can revisit old Fannie later on.
The AM pre-market gap was clearly a trap. With bears showing so much force yesterday, I didn't think they were going to lay down and let the thin pre-market upticks destroy their stronghold formed and well-defended yesterday.
For me, not yet. I want to see how this performs in the afternoon. I am not thoroughly convinced either side is tired and completely giving up the day. Still watching....