Sorry I don't believe that for a second, but still

Thanks for the laugh! :) lol

FNMA is going to sky rocket because the Brazilian chick can twerk???

LOL I don't understand the connection but the video caught me by surprise and had me laughing my ass off

I wonder how many members of this board watched at least the first 15 seconds of that video... I, for one, was just doing my Due Diligence!! haha

Smart you held over night? I'd figure you for the type that sold between 2.60-2.70 at the height of watt's speech, reloaded once more and sold out by the EOD..

I disagree.. I think we was slightly nervous but well composed. His oratory skills are just not that great.

Watch when he picks up his water the 3 different times, his hand was steady as a rock. If a guy is nervous, anxious, or fearful, the hand is a good place to gauge his composure.

He did cough 2 out of the 3 times while drinking the water however, lol

Exactly what I was thinking as a response... glad someone did their DD :)

Possible. I tend to think worst case as to get in again at a good buy. As usual there is a positive news gap to retrace and fill from Fridays open at 4.20ish that never got back to Thursdays close at 4.16ish. Personally I hope we stay above 4.20 altogether...

If this was the Matrix, Obi would be the Oracle. He knows more than everyone on FNMA, yet he will not give you a free lunch on what his opinion "probably is" :)

I think Monday will be an important indicator to see what most people anticipate from Watt on Tuesday. If we hit 4.15 and bounce back up to close above 4.20 we're still in good shape. Anything above that is just a bonus.

I've read dozens of articles on Watt.... He is finally going to indulge... He's extremely left-winged and liberal, but I think it might actually help us on Tuesday. Besides Watt's obvious ties to Obama and Obama's firm but publicity-driven stance on FNMA, I think his speech will be self-imposed.

He seems to champion government-driven programs that help the "less fortunate" He has a sworn obligation to protect the GSE's , and his previous speech concerning the FHLbanks was quite telling.

I would bet on Watt's speech to be more positive than negative in relation to FNMA's PPS

That's the $3.50 to $6.50 question :)

Do you have a link to that insight??

That pop was actually a little more than I expected. 35% short yesterday to get us to 4.21 on earnings day.

Nothing better than making money off bad short traders :)

If history repeats itself, the 1-3 days AFTER earnings is when the real action begins. With Watt up to bat, and Crapo-Johnson potential DOA news...it could be big :)

Lol, you made an ihub account just to cover for this morning?

11 views so far on the video... hope this doesnt turn into widespread panic :)

Or if you really are a "die hard GSE reform advocate" I wouldn't put too much stock into re-election ads that people can't stand watching.

It's already over :)

It seems transparent that Crapo's efforts have been squashed and his resolve jilted.

It seems he has 12 votes right now. No way he will get 15-16 IMO

He frustratingly talked up his amendments, as the rest of the disgruntled committee wondered why they had to even wake up early and show up today lol.

No volume response to his weakness is disappointing though.

Going to put a bid in at 3.82 and take a nap...

GL people :)

Therefor, the Hersaling bill was seen as DOA from beginning to end based on the massive amount of opposition.... Stockholders, in general, did not care.

With the Crapo-Johnson bill the opposition is there, but not nearly as much. And, as you said, almost absent from the liberal democrats.

Market reaction at this point will be much more harsh, don't you think? If we're lucky, and it doesn't pass committee the PPS rises. With the opposite, it sharply decreases...

Catalysts are running thin, people want to see the Crapo-Johnson bill officially buried...

With no opposition what other reaction can there be?

Thank you very much :)

Hey Obi,

With the Johnson-Crapo bill...

How many votes are necessary in the committee to either table it, report it out, revise it, or release with recommendation?

It seems that the April 29th date is tentative, as you say, but also much more broadcasted than the corker-warner. It is as if the day,or the potential day, it becomes DOA (or proceeds) will be very much pronounced in the news.

Good or bad, MM's will move this quickly after that news arrives.

I know it is to be close, but do you know how many exact committee members are necessary?

Volume needs to hold until Friday.... News of johnson-crapo has been digested. Hopefully more articles come out about the senate's inability to do anything after March, as far as bill introduction.

Good news from court before the 21st and maybe we'll tap 5 a couple of times.

As usual, this is 80% news driven, but with all things considered..

20% short percentage over the weekend, neutral to positive news, sustained volume.

Monday should be green.

I know how you feel!

Exact same thing happen to me today with me order. I've had 7/10 good trades over the last week. Made some $$ on PHOT this morning, and decided to leave the house to buy a car (nice car though :) )

Put a buy order in at 5.33 (lol)

Had a smart phone on me but test drove the car at 1 p.m. exactly, got done with negotiations at 3 p.m. , looked at my scottrade account and saw 8k go out the window lol.

Was still very stupid of me to put in a buy order before leaving, on a very NEWS concentrated week,with no stop loss... but you make enough money and you start to get cocky.

Im selling at 3-5% up from todays close and looking for a reentry, depending on tommorows open.

This time around is different from May, but I'm sure the technicals will be similar. Ill play both upcoming bounces anyways.

This morning's action was perplexing...

I don't see how too many traders would see a .20+ gap down and instantly want to get in the second the market opens.

Shorts that held over the weekend covered instantly, and didn't give it a chance for retail to get scared??? MM's battled each other and fresh money came in?? Sounds like an oxymoron/contradiction to me...

Either way, FNMA has proven itself to be VERY strong in the 4's. I do not see this going down below 4.00 anytime soon, maybe testing it multiple times but that is it.

Someone smarter than me elaborate please :) I'm pleasantly confused on how fast FNMA recovered.

Navycmdr is the Neo of FNMA? lol Nice

Grats man :)

Smart man... totally agree with you on both accounts.

Fewer and fewer days until ER... Buying pressure will explode once people start to realize they cant get in below 3 anymore.

A few good short squeezes and one strong 10mil + green day, and I think we'll finally starting seeing PPS rise sharply and start to swing erratically in the 3.25 range...

The day before and around the day of ER, I don't see how it is possible to NOT have major major news from New York times, Seeking Alpha, and everything in between.

Gonna be fun :)

hahaha, Yes plenty of options there.

Everytime FNMA goes up 4%?

Definitely not enough shaving

If this article gets the right amount of publicity, I won't be angry about it :)

90% of those doing the minimal of DD generally do this

Google search (FNMA)

That article needs to show up on the top 5 results, and also in Yahoo finance news. Then wednesday will have a very healthy day.

Plenty of other stocks to play in the meantime :)

FNMA is on watch mode for many , many people... Sucks but what can ya do

I think we will get one more 1-2 day bounce to 3.15-3.25 and a subsequent heavy 1-2 day pullback to 2.96-3.05. Then, Steadily increasing volume until February 21st to February 26th, at which point it will explode (short term)on earnings.

Strictly based on news and PR, as you mentioned, and MM's.

I do not think MM's will allow this to slowly accumulate until Net Zero 2013 Q4 financials get released.

Depending on how the news plays out,

Im fairly certain there will be some erratic behavior to shake out weak hands, newbies, scalpers...So as the MM's can scoop up cheaper shares.

MAJOR catalysts coming on and around Feb 26th. Time to make some money :)

Sea Donkey... no Chin?? HAHAH OMG USMC I just now read the string of posts about Apostle and his GF LOL.

Smash and pass LOL

Keep it coming brother!~

Can't stop laughing

Learn how to trade and this stock is only a pos when you Dont play it. Pot stocks are easier yes ...but too bad they're junk for now. Find somewhere else to complain.

Don't talk bad about stock you don't know how to play lol

5000x.40 / 2500x.405

Bids still coming in from last night that squeezed in before the bell. Looks healthy

TD Ameritrades trade architect L2 is working ok... Which are you using?

Nyk, do you mean it is due for a small correction. A retrace and pullback to fill the gap(s)?

Wondering if thats what you meant by a little fix. Serious question... your chart is on point

.32 might hold up nicely

Heavy resistance at .40 now. Looks like a multiple day retrace, news-dependent of course...

Shorts going to cover at .40 / .41? Would be a nice bounce if that support holds $$

Got in earlier today... Thought I was crazy but this thing is rocket fuel right now.

Florida news is pushing medical MJ right now at a heavy pace...

MH you have to agree smart money here is unloading because of the state of the union address tommorow. If he says anything about fnma (which he probably will) 90% he will spew the same rhetoric as always.

I just about punched a hole in the wall when it took me 5 minutes to refresh the main page...

Customer service rep at the local scottrade branch said it was a "temporary slowdown problem"

So probably 30 minutes of complete inability to trade.


Just a heads uP!!!

Scottrade!! Those having problems with their orders go to m.scottrade.com .

Their main website is having serious connectivity issues and the mobile site is what they had me used.


Just got off the phone... If anyone else is about to have a meltdown just use their mobile site

ARCA with heavy bid support at 3.00. We'll see for how long