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True to your name, bro. Member marked.
Multiple Sclerosis Drugs and Companies Pipeline Review, H2 2014
http://www.digitaljournal.com/pr/2293906
Picked up 14K shares total today between $1.91 and $1.92. We are seeing higher lows from 10/22/14 to today (10/29/14). I will be watching this one closely as a catalyst could be right around the corner.
Next few resistance levels:
$1.94
$2.05
$2.13
$2.34
$2.64
$2.89 - $3.03 (gap)
Hmm, I find that very interesting that no shares were sold by insiders during this last run. This warrants further DD as it could indicate something bigger is on the horizon.
Even companies that don't have lawsuits usually have inside selling when the shares rise significantly.
US Government is being extorted by investment funds:
http://finance.yahoo.com/news/u-s--government-is-being-extorted-by-investment-funds--rattner-135924803.html
Lol! That is a News Jack link. The news is "remixed" so to speak. Not real at all but it would have been cool if it was.
Thanks for the laugh.
That $2.40 wall is something serious on the Ask right now...stacked nice and high. Oh well, just par for the course until catalysts are confirmed.
What website are you using to track FNMA on Germany's exchange and the ticker?
$7K in one day? Very nice and inspirational for newbie traders like myself.
Market overreacted on this one. Expect it to bounce back, although slowly.
My thought? FnF's release is already in the cards....just being held off until after the elections.
I find it very interesting that this was not a talking point during any debates for those running in this election. I have not heard one thing. Our media was dominated by Ebola and ISIS. FnF developments have been very, very quiet.
Regardless of the way the Senate goes, FnF is coming out soon as those running and I'm government need money and they get a lot of money from Wall Street.
If Fannie dips to between $.80 and $1, I am going all in on Fannie and playing the waiting game.
After the elections, we may see a significantly increased pace towards resolution.
Does the 15-day trial include the ability to watch any videos on your site about options? That is my main interest right now....how they work, etc but in video format.
Thanks!
After coming across a lot of articles on Ebola over this weekend, I am thoroughly convinced the Ebola sector will remain piping hot. There is so much going on that doesn't make it to your local television station or on the front page of your local news.
Stay tuned. Got my eye back on the Ebola sector again.
Fannie Mae cuts originations forecast for 2014 and 2015:
http://www.mortgagedaily.com/stories/Outlook102614LP.asp
I can see your point about being pushed to the $1.70s level if the AIG trial decision goes against FNMA. I will look further back through the Buy and Sells as you recommended.
I appreciate the dialogue.
It looks like we are consolidating before the next move up, hence the lower volume without significant price drops. While a pullback is not completely out of the question to the $1.70s, based on what I see on the charts, it is not likely to happen.
Another strange thing I noticed on Level 2 this past Friday was huge Ask orders were being snatched as buyers were making ground, thinning out the Ask. For what reason, who knows. It could be a set up for a hard pullback and then a run.
In any case, it is smart to have some money on standby to play the dips / pullbacks.
IPO Watch: Roku wants to grow its media hub empire with a public stock filing - http://www.engadget.com/2014/10/25/roku-ipo-leak/
I have a Roku box and subscribe to the WWE Network. No disappointments here as the streaming quality is better than or equal regular cable (if using the standard A/V cables) or HD cable (using the HDMI input on the Roku).
3 ways a regulator plans to make it easier to obtain a mortgage:
http://www.dailyherald.com/article/20141026/business/141029318/
There are no catalysts for this to gap up that huge. While it is great to be optimistic, we have to balance it with some reality.
US Mortgage Rates Slip Further This Week:
http://www.betawired.com/u-s-mortgage-rates-slip-further-this-week/1410490/
Set pricing and email alerts on FNMA. This thing could go at any moment. On a side note, someone pointed out that we are in a similar trading pattern from this time last year.
It was around the $2.40s and then shot up to the upper $3s. I am going to have a good chunk of cash coming to me in about a week that will remain on standby for dips.
+1. I watched that video as well. Clay is pretty creative with his analogies to get the point across.
I am watching level 2 closely. Very interesting how the Ask levels are thinning out. I am seeing quick shifting of walls to higher levels + huge blocks hitting the Ask.
Infection in NYC? Nuts. NYC is not a city that is very spread out. It is tightly packed (subways, buses, many apartment buildings) with people. I believe this NYC story of Ebola may take on a life of its own just by the very nature of how NYC is people congested, so to speak.
I'm not in Ebola plays anymore (only paper trading at the moment to polish up on my trading skills and education) but I am rooting for the longs who are still in this and other Ebola plays.
Go get 'em and make some money.
Mali in West Africa confirms case of ebola in 2 year old girl. CNBC is now increasing coverage of NYC doctor with ebola and they are retracing his steps.
There is no telling how many people he came into contact with. Ebola sector heating up again.
If we break below $2.21, the next support area is around $2.05 - $2.10. As always, the chart is just a guide. Big $$$ can run it any way they choose and totally blow up what we may interpret from the charts.
I am looking for a good Newswire service where I can easily have breaking market news as well as SEC company filings flow to me without having to manually run to Yahoo, Marketwatch, etc.
Any recommendations?
EDIT: This is actually a bear pennant. I stand corrected.
FNMA price action is sitting right on top of the uptrend line of the ascending triangle. The size of today's closing candle doesn't leave much room for the bulls to work with before bears break the uptrending support line. However, on the other side of the coin, the bulls fought to keep the candle closing above the trend line.
Money Flow Index is pointing up, MACD crossed above its signal line but has yet to cross above 0 and needs to show more momentum. RSI is kind of neutral (not oversold or overbought yet).
Verdict: On breakout (bullish) or breakdown (bearish) watch as we are getting closer to apex of triangle.
Yup. The market is not fair and doesn't give two cents about what anyone thinks about it. It either takes your money or you take money from it. It doesn't care what we hope or pray for. It's a beast that feeds off of emotions that guide us to make emotional investments & trades.
It would be interesting to see this close so red during regular hours only to have Icahn speak and it runs back up. Gotta love the market.
Ok. I was seeing on eTrade that it was October 30th. In any case, I have my e-mail and price alerts in place.
Watch that $2.24 - $2.27 area. If it breaks today, pattern failed us and we go lower. However, if it holds, our bullish friends are staying true to the ascending triangle and pushing back strong when it is tested.
EDIT: Support appears to be dropping lower and lower and bid getting loaded. It may be a shake out before a run up by big money pulling support on one side (I see their quick flashes on Level 2 of big support and then those supports are removed) and pushing down on the other side to inspire fear. Earnings come out next week so no telling how this will play out.