Watching carefully
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It's gonna hit $3.50 tomorrow!
Ask getting SLAPPED!!!! Go FANNIE Go!
Power-hour gonna bust through $3.10
Resistance at $3.10 (about to break) then $3.50
Cheers,
vt.
NEW HOD Weeeeeeeeeeeeee
NEWS OUT!!!
Economy Strengthens Heading Into 2014 As Cloudy Policy Debate Begins to Clear Housing Continues Its Journey Toward Normal Activity
Ticker Symbol: U:FNMA
Economy Strengthens Heading Into 2014 As Cloudy Policy Debate Begins to Clear Housing Continues Its Journey Toward Normal Activity
PR Newswire
WASHINGTON, Dec. 19, 2013
WASHINGTON, Dec. 19, 2013 /PRNewswire/ -- Recent data show that the economy and housing market continue to transition to more normal levels of activity and are poised to gather further momentum heading into 2014, according to Fannie Mae's (FNMA/OTC) Economic & Strategic Research Group. In particular, as uncertainty surrounding fiscal and monetary policy wanes, consumer spending and manufacturing activity should improve and contribute to additional housing growth. Real economic growth is expected to come in at approximately 2.2 percent for all of 2013, which is roughly in line with the Group's forecast at the beginning of this year, with an increase to 2.7 percent expected next year.
"Looking ahead into 2014, we believe the fiscal and monetary policy debate will continue to influence consumer and business attitudes, although we expect to see a meaningful pickup in growth next year as some of those lingering policy issues now are beginning to clear," said Fannie Mae Chief Economist Doug Duncan. "Consumer spending, which is a key driver of economic growth, should climb somewhat as the impact of recent fiscal tightening fades and as labor market conditions continue to improve. Furthermore, consumer attitudes already appear to have recovered from the temporary government shutdown in the fall. Strong October consumer spending growth and a jump in November auto sales should help build momentum for further spending growth in the fourth quarter. In addition, the November jobs report showed solid gains in hours worked and in earnings, pointing to stronger growth in wage-and-salary income and providing support for consumer spending."
"With regard to housing, we expect that the improving employment picture next year will be accompanied by a sustained increase in interest rates, which in turn will roll over into the mortgage market," said Duncan. "While that will likely drag on housing growth expectations, we believe the housing recovery will continue on a modest upward trend toward more normal levels. Our forecast calls for additional home price increases next year, although declining investor demand and other factors are expected to slow the pace of appreciation. Overall, 2013 housing indicators have shown about the performance we expected and we believe that their gradual march toward normal will continue into 2014."
For an audio synopsis of the December 2013 Economic Outlook, listen to the podcast on the Economic & Strategic Research site at www.fanniemae.com. Visit the site to read the full December 2013 Economic Outlook, including the Economic Developments Commentary, Economic Forecast, Housing Forecast, and Multifamily Market Commentary.
Opinions, analyses, estimates, forecasts, and other views of Fannie Mae's Economic & Strategic Research (ESR) Group included in these materials should not be construed as indicating Fannie Mae's business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR Group bases its opinions, analyses, estimates, forecasts, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current, or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, and other views published by the ESR Group represent the views of that group as of the date indicated and do not necessarily represent the views of Fannie Mae or its management.
Fannie Mae enables people to buy, refinance, or rent a home.
Visit us at: http://www.fanniemae.com/progress
Follow us on Twitter: http://twitter.com/FannieMae
SOURCE Fannie Mae
$3.06 Weeeeeeeeeeeeeeeeeeeeeee
Looking good at 3.00
Was it really?
Oh you mean YOUR exit.
Some people were left out of this nice pop this morning
GO FNMA GOOOOO!
Rarely happens, but I agree with you.
Just like the time you agreed with me that it would come back and close the gap
Ahhhh the good ol'days
I gotta sell before HSA!
LMAO good one
Because no one wants to buy this POS
Perfect time to buy the options. Next week I will load them up.
I expected this. I said in an earlier post, this is what happens in late December when people sell for tax reasons.
It will recover and then some in January.
Exactly, someone buy guy those shares
Everyone was calling it a sell yesterday though. Can't be a sell again going by your logic of matching trades.
Thanks for reminding me how right I was about the gap getting filled lolzzzz
So it was a sell yesterday, and it's a sell today? lol sure
Yes, it's showing that it's a buy
$3.00 coming next week! Weeeeeeeeeeee
HUGE $4M buy at $2.87 average
He was talking about the gap that filled a few days ago at $2.43
A few of us banked with nice buys there.
vt.
How does it feel buying at the high? LOL
Next leg up is on its wayyyyyyy weeeeeee
There is no current gap on FNMA.
Support at $5.80 is strong.
We see that it has held it several times since 3-4 weeks ago. And the bounce off $5.80 today confirms that support. I don't see a big move up before the end of the year because of tax-losses, but it should start a nice run thereafter. Consolidation should continue, which is actually a very good thing.
I added a few shares at $5.81 today and some Jan2015 $7.00 calls and will slowly accumulate more options.
Cheers,
vt.
What is your price target according to this buy-signal?
I liked your pre-edited post more than this one LOL
It's gonna close $2.80+ and run to $3.00 tomorrow looks like.
Sounds about right
Sold the shares I bought this morning 2.79
Thanks Fannie
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee Go Fannie goooooooo!
One of the owners bought an entire share today from another owner LMAO!
Epic volume! WOW!
Added the dip, sold the rip.
It's only down 0.02 right now on the Athens Stock Exchange.
But like I said before, I wouldn't be too worried about the day-to-day fluctuations.
Good plan.
Looking into buying some options tomorrow.
Either the May2014 $7 calls or the Jan2015 $7.00
If it goes to $9.00 pps, you will bank nice profits!
Good luck,
vt.
11 trades. Heading North
There we go, that was an excellent example.
Also, you can choose to exercise those options and purchase shares at $7.00 if you choose to (if the pps is above that mark). But usually, people just trade them, hope to sell for profit before the expiry date.
vt.
LOL! Why change when they are making tens of billions of dollars in net profit per quarter LOLZZZZ