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Thank you, and you are absolutely right. Have to remember to temper the greed when the green is flashing.
Great words, and a great reminder for everyone to keep a level head and stay focused on the goals that are best for them. Personally, I always said my first price target was to sell 20% at 7. I got overzealous and decided to take some of that profit when we first hit 2, then at 3.25. While I'm happy now, I can't shake the fact that, had I stuck to my initial thesis and targets, I would have much more money to profit from. Keep your eyes on the price, folks, and do what's right for you! $FNMA$
Basically they just acquired another ship and a loan of 2 mil. to facilitate working capital needs.
Sorry, just saw it! Nice!
What was the news?
Yes, that's good stuff indeed! Thanks for that link too.
Agreed. Looking to doubled my position today.
Thanks, yeah, I'm hoping DRYS wasn't a pump and dump, and that there is a little more than speculation driving all this. Fundamentally, ESEA looked like the stronger company/better play long term, so I'm in it to win it!
Very true. I feel pretty locked in at this point, and I'm still bullish on the sector... I don't know, might also just sell and take the loss. Either way, the last week has been eventful to say the least. We shall see what tomorrow brings - good luck to you!
Bought at 4.40, sold at 7. Loaded in the 4s EOD yesterday. Didn't set any stops... yeah, not my best play, lol. Win some, lose some.
Good luck to you! Not selling any of my core until we touch at least 7. What is so fascinating to me is that this isn't the same pattern that we saw on the way to above 6. I'm curious where the big pullback is. I'm sure there are a lot of people waiting for above 4 from two years ago.
Don't feel bad man, I sold my fluff shares at 1.97 and 2.25 expecting a retrace on Friday. Boy was I wrong. Chased a little, I'll admit, so now I'm holding tight to my core and flipping little bits here and there for beer money, lol. Best of luck to you!
Ha, ain't that the truth!
This stock reminds me again and again to expect the unexpected and watch for the dips! Just sit back and enjoy the ride, folks! $fnma
Thought I was a genius selling a third of my shares yesterday to buy on a pullback today... so much for that idea! Been waiting years for action like this! Where is Blue when you need him, lol? Congrats to all those who kept the faith! Thank you to all the entertaining posts from the iHub regulars! $FNMA
This may be a dumb question, but can orders go through at .001 when it glitches (or whatever you would call it)?
Just curious: why hold this long term instead of selling the last few pops and buying/shorting on the way down until another buying opportunity presents itself? Is there a superior logic to buying, holding, and buying more at lower prices other than simply "averaging down"? Personally, I got tired of trying to catch buying and selling opportunities, and I believe in the future gain to be had here, so I have only added on each painful drop like this last month. However, I'm also interested in why others have made their decisions regarding this stock. TIA $FNMA$
How quickly we forget last September or my personal favorite, 3/11/14. I believe May of 13 was also a lot of fun! So yes, as much as a I want to look up as well, lets not forget this ticker loves the gut check the longs, lol. $FNMA$
"Deserve?!" This isn't about what is deserved; this is about illegal action being rectified by the rule of law!
Fannie Mae goin' up... on a Tuesday!
Thank you. Will most likely hold a core and flip the rest. That was my initial strategy, then I switched to accumulate only. It would have been nice to sell in the 3.40s (we were give ample time) and then buy in the 2.90s. It can be hard to time, but when you have these massive multi day runs, just seems like taking profit makes sense. I guess my question to you boys and girls holding enough shares to see worth in trading either way: what informs some of your decisions?
Thanks mate; I see your point!
Okay, I've been stalking this board for over 2 years now, reading pretty much all of the invaluable input posted on here. I find myself torn and seek perspective. How does one determine whether to hold and play a long term strategy (accumulate only, add on dips, etc) versus taking the short term gains and flipping on these massive rallies and corrections? I can't help but feel like the fear of having to pay the 30% gains tax has resulted in me missing out of vastly more lucrative opportunities to take profit over the last 365 days (e.g. 3/10/14). I know some of you will say that it's all based on my individual strategy, but I guess I'm wondering if I should change my approach.
TIA
No, we were in a much better position (around $4) when that was presented.
If/when that happens, I will gladly throw all my dry powder at it. July 2013 taught me a ton; I'll never miss another chance!
Doubled in the 3s last march, bought more yesterday, bought more today. Feel like I'm going to vomit, but that's when I know it's right, lol.
Bingo! Can we please get this plastered all over the media? Who are the real bad guys here? How many settlements need to happen? Let's stop trying to vilify FnF for something they didn't break in the first place! $FNMA$
Good points. You just sounded extra frustrated - like you would be gone for good. And you stuck out a lot of BS over the year! Agree their are very good plays - appreciated your technical assessments when you offered them. gLTY
You rode out massive drops over the last year - you are leaving now on this??? What gives?
Haha, nah *wink wink*. I just know more people will join in as it drops today. If the volume was high, maybe I would flinch, but mm seeing opportunities to play their games is what it is. I flipped and missed too much over the last year; now my eyes are set on the long term prize. Loading every dip I can.
Is it just me or do certain people who have been on this board for a while now seem to have memory loss??? Where were we a year ago? Where were we 6 months ago? We are up tremendously, and I don't know about you, but I take all the news of settlements as testaments to how culpable the banks were in the whole mess, not FnF. Sure, it will take a while for others to see it that way, but I haven't forgotten what we hold here. I would expect others who have invested 10s of thousands of their own money to do the same. The more afraid people sound on this board, the more I buy (not that their words really influence my plan - being a little hyperbolic).
I don't care what your political affiliation is; if you didn't at least hear some truth in that, you clearly aren't paying attention to what's going on!
Looking forward to it!
Remember those 80 mil+ volume days... Sigh. Wake me at earnings.
Oh, I missed that part. What did you think of it overall?
Why do you say that, because he failed to take down Herbalife today? I think he is ultimately right.
I'm not surprised by it one bit. I believe it was either towards end of May or early June there was an article in which he or someone close to him said that, after the compelling slideshow, there was much more to say until something substantial occurred that would warrant a comment.
Wow, Ackman just put his reputation on being right about Herbalife as a fraud! If he is wrong (and I don't think he is), what does that do to his credibility as a champion of FnF? Perhaps once he has put a nail in the coffin of Herbalife he will put new energy into FnF.
The momo would be so strong by then! And at point the price targets in the teens become realistically possible (I know some will say they are all but guaranteed, but let's see us Wynn for real in the courts first). Right now, I want us to get off the volatility boat that yesterday put us on and get back on the one I've been loading since March 12th! Good luck to you and keep up the good thoughts, I like reading your posts. $FNMA$
I think you would've hit your $5 prediction this week if it wasn't for yesterday's shenanigans.