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Any reason why the volume is down since the correction? I dont have L2 but i know hedge funds are controlling the movement of pps. Basically, what is it going to take for it to get hot again and spike to $5? I feel i overpaid with my $3.15s (after foolishly giving up my $1.52s for cheap). I have no choice but to hold now because i dont have time (to watch charts) or guts to simply sell all and rebuy cheaper. I will hold and only try to average down if it comes down to less than $1.50.
What happens to common shareholders if FNMA is "Transferred or converted into a different entity"? Is this better than releasing us back to private company status?
Yes. You and I think alike. I had 1.42 and sold at 1.72 prior to the $5 peak. I got suckered into buying various batches think it was never gona come down to less than $2 again. Boy was I wrong. Now I need to wait until its $3 just to break even but I will likely dump at $5 to cash out and then patiently wait for another drop like we saw last wed/thur. I may keep a very small amount just to ride if it keeps going up so I won't kick myself. Mentally ill still be celebrating that way. But yes under $2 is the way to go. Plus I'm worried that the dow is getting too high on rapid growth.
Sunday, Monday, Funday. $3.05
this is the best advice from anyone thus far and I have got some great words from other people. I'm in it to win it so I can wait for the Greens to come back around no matter what happens these next few weeks.
GLTU and A
Thanks for the rationale as just needed to hear it from someone else who is familiar w this territory. Yes I'm long and I will hang on until I atleast break even. I have faith and it takes more than this to rattle me. GLTU
Correct. I'm going to hold for sure. Lesson learned but I won't take a loss.
Hello Blue, quick question i noticed you are holding both FNMA and FMCC. is it wise to invest in both evenly? how do you split the allocation and why? Also do you think the $5 dump will occur again in the next round up? It really burned me.
Thanks and GLTA (and Heizenberg9: stop hating on Blue, he has kept relaying the facts while keeping us alive when we are tempted to sell and take a loss like last 2 days. Blocked!)
Whatever you do, stay positive and don't sell for a loss like some of the others did these last few days. I can wait for my money to come back around to me whether it takes 3 days or 3 months. Its just a cycle and involves patience. What's your plan if u don't mind me asking?
Hang in there AZ. Like you said, we need to just ride this one out until the greens come back around to us again. And yes I noticed there is so much nonsense on the message boards but I mainly come on here to see if anyone else is experiencing what I am going thru. In terms of investing we all make our own money and need to be responsible enough to stick to our own gameplans instead of buying into propoganda and hype. It feels like a pump n dump but I can tell you that FnF are on the rise purely from a financial standpoint. I'm a closer for one of the big 4 banks in the mrtg refinance dept and every file we do is either F or F.
This is far from over my friend. Greens and dreams for everyone still loyal to this ship. Stay sharp n ready!
Thanks. U are all like family helping me thru this. Thanks for all replies and everyone still in this with me. Never take a loss unless they bring the whole thing down (which I am 99.9% sure WILL NOT happen.)
Lets see some Greens for everyone!
Anyone see FMCC flash at .77 cents this morning? It was mind boggling...
Limit orders set at 30% and 40% less than the previous day's close to keep averaging down on super red days like today and yesterday. What do you all think of this buying strategy? If one or both get filled, you are essentially buying at the bottom of the dip. If neither hits you lose nothing and can keep editing you order the night before based on the EOD price.
GLTA
Can someone talk some sense into me and give some direction. My avg price per share is currently $3.15 pps. I refuse to sell even if it comes under a dollar but i dont really have much $ left to avg down. im kind of stuck now and much of my savings are in this now. I am hopeful i will atleast break even eventually but alot of people on here are bringing up the negatives which scares me a bit. I am logical and just need some reassurance that i wont get wiped out. I watch the ticker all day at work the last 2 weeks and these last 2 days have felt like someone punched me in the stomach with a roll of quarters in their fist. Im panicking but refuse to just bail out as then i will lose for sure.
Please only serious advice. (whether positive or negative). We all start somewhere..
Go FnF. GLTA FnF holders who are weathering this storm...
Limit orders set at 30% and 40% less than the previous day's close to keep averaging down on super red days like today and yesterday. What do you all think of this buying strategy? If one or both get filled, you are essentially buying at the bottom of the dip. If neither hits you lose nothing and can keep editing you order the night before based on the EOD price.
GLTA
Patience is a skill. Thanks for sharing your insight! GLTU
Very interesting concept of going back to the basics. My biggest issue right now is discipline with getting in and out at the right time. I will get there hopefully and yes seeing things in black and white works best in this type of investing.
Thanks, GLTU
I really want to hold long term but it seems like everyone that got in less than $1 (retail and hedgies) bailed out at $5 so its nerve racking. I believe FnF are crucial elements to our country and will soar in a few years, but the planned dumping at $5 really got to me. I could have walked away up $8k but now im down big. I guess i have no choice but to wait it out.
Thanks again. GLTU
Good way to look at it. Thank and GLTU.
Can someone talk some sense into me and give some direction. My avg price per share is currently $3.15 pps. I refuse to sell even if it comes under a dollar but i dont really have much $ left to avg down. im kind of stuck now and much of my savings are in this now. I am hopeful i will atleast break even eventually but alot of people on here are bringing up the negatives which scares me a bit. I am logical and just need some reassurance that i wont get wiped out. I watch the ticker all day at work the last 2 weeks and these last 2 days have felt likee someone punched me in the stomach with a roll of quarters in their fist. Im panicking but refuse to just bail out as then i will lose for sure.
Please only serious advice. (whether positive or negative). We all start somewhere..
Go FnF. GLTA FnF holders who are wethering this storm...
Actually it was March 2009, not 2008. Nice post though
GLTA
GO FnF!!
to everyone still here like me lets remain calm and be practical here. We need to keep the faith that its just hedge funds trying to scare us off into buying our shares for pennies on the dollar. This is far from over. And thanks blue for everything that you've put into this to help guide us
In it to win it, GLTA
Nice to know theres someone else thats going to stand their ground and not just dump at $5. In it to win it!
Hopefully we all make alota money (and stick to our strategies without getting caught up in the hype).
lol, its funny becuz that was actually from minushind.
I dont mean to put anyone on the spot here, but im new here and i got the following PM from someone. So who considers themselves to be the 5% is the real question??
"Be very careful from whom you take advice around here. The most frequent and "loud" posters are the least knowledgable. Be very careful. I can't say that enough. These message boards are about 95% worthless for real information and/or unbiased advice."
sound advice, thnx
i will look out for this, thnx
haha ok. but my quick exit at 1.87 was a bad move even though i profited. I? shoulda held but 2mrw is another day. i need to stick to the plan here!
Along4zride is just a negative nancy
are you being sarcastic or real? haha
I use Merrill Edge and they were also lagging on filling orders. i think its an OTC thing. Thanks for the advice, it helped calm me down and be logical here. no room for emotions in this game.
GLTU
what do you consider a good dip % in terms of how much it falls as a load point? and if it keeps red for lets says 5 days to you keep loading each day?
i had $1.52 and got out at $1.87 last week like an idiot (classic rookie mistake). now ive been loading at different prices on the way down.
Thats what i was thinking. Thanks.
Im looking for advice here. My cost average for my Fannie shares at $3.65 pps right now. Should i load more at $2.50 or $2 if it comes down to that price or just ride it out and hold? Thanks.
Very interesting strategy.
This is a million times better than Vegas! atleast your stocks always have a chance to make a comeback instead of busting over 21 and losing it all to the house haha!
My bad, Caps Off now!
YES DEFINITELY, A PROFIT NEVER HURT ANYONE. BUT I WOULD HAVE BEEN UP $15K INSTEAD OF JUST $5K IF I DIDNT SELL THURSDAY EOD. WHY $3.10?
YES THATS WHAT IM TRYING TO DO. SO CAN YOU ADVISE ME OF AN ESTIMATE ON A DOLLAR AMOUNT? IVE BEEN READING YOUR POSTS AND YOU SAY ITS DIPPING 30% TO 40%. THANKS FOR YOUR TIME!
SO YOU ARE SAYING JUST BUY AT MARKET AND CRACK SOME BEERS (FOR A FEW YEARS, LOL)? I FIGURED TO PUT IN A LIMIT ORDER AT $2.50 FOR X AMT, ANOTHER AT $2.25 FOR THE SAME AMT AND ANOTHER AT $2.05 OR SOMETHING EVEN THOUGH MAY BE A PIPE DREAM THE WAY THIS IS EXPOLODING. I KNOW ITS GOING TO DIP AND I REFUSE TO CHASE THE UPSWING BUT SOMETIMES I FEEL THATS WHAT I NEED TO DO SO I DONT GET LEFT BEHIND. I LIKE LIMIT ORDERS BECAUSE THEY KEEP THE EMOTION OUT OF IT. IF YOU GET IN AT THE $ YOU WANT GREAT, IF NOT OH WELL JUST WAIT RIGHT? SO DAMN FRUSTRATING..
ANY ADVICE? IM LOOKING FOR AN ENTRY POINT TO PLACE A LIMIT ORDER TO BUY SOME SHARES TOMORROW. I MESSED UP BY SHORTING LAST WEEK FOR A QUICK PROFIT AND HAVE LEARNED MY LESSON SO IM LOOKING TO HOLD LONG TERM THIS TIME WITH ALL OF YOU GUYS. (I HAD 5K @ 1.42 BUT GOT OUT @ 1.70 LIKE A IDIOT)
THANKS IN ADVANCE!