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Ha, I never let other people tell me when to buy or sell. I am curious since he does seem to be one of the more provocative posters on here where he is coming from. Not many other guys/girls are met with as much distain as he is. He often voices opinions that go against mine so I like to feel out his logic; I don't think there is anything wrong with that.
MH, what do you think is happening here. I know you have been calling this for a while now, but I am curious what you see this all adding up to? You think Watt was the big negative factor yesterday, or do you contribute this to lack of sufficiently good news to keep the pps afloat? Looking for a little perspective from one of the few that go against the grain.
Did you sell and rebuy or just use dry powder?
You guys think we see in the mid/ low 2.70s again today? Bought first dip, sold at 2.90 (can't believe it filled). Looking to hop back in! Good action today boys! Nice commentary on the meeting as well, funny stuff.
So what does this look like to you? Following question is for the board in general: Is it bad that we did not touch $2.43 on Monday or yesterday? If we do so today, would it be healthier for us? TIA
Sad that I did not have powder to play the huge opportunity today. Had a meeting at the wrong time today. Did not take profits, but so glad I didn't get shook out! The veterans out there and the reasonable people have shown me once again why I should listen! Thanks for everyone's commentary, makes this ride so much more enjoyable, even the painful parts! So glad I found this site, learning so much!
I sold too early yesterday. Is this still a buy, or will I be chasing if I toss more shares back in. Kept my core since march of last year.
Hahaha, that used be my MO, but that has changed (in hindsight, I regret picking the username). But hey, if there is any stock to flip, it's this one!
I feel like we need a little dip back into the 2.30s and then rocket off that to break through 2.45, then we can easily go to the 2.50s. Any thoughts on that?
Thanks for the reply; your insights are appreciated.
What indicators, if any, did people use to hop out before the drop today? I thought the QE announcement was good for us? Do you guys think the Watt nomination will lead to more wild swings tomorrow? TIA
Man, I wish I had a day trade account! All this action! Used 2 of my round trips! Thanks for all the commentary guys; I have been here lurking, learning, and profiting!
First time in 3 months that I didn't hold over the weekend. Already regret it... I feel dirty!
Unfortunately, right now, the perception of FnF is negative; he seems to be trying hard not to change the vilification of these entities. I feel like anything he says will spook people. I am watching this with colleagues who are saying, "well if Obama says they are the bad guys, they should be shut down". Smh
Watch Fannie or Freddie does not come up in the press conference until after 4:05. Someone in there is watching the clock.
Can't wait until next week when we see gaps like this in the other direction! To those that had the foresight to pull out eod yesterday, hats off to you. Curious: to those who saw this coming, what did you use to make that determination?
I thought when the volume dropped off I would get at shot at some 1.53-1.54. Nice to see this holding though.
Thanks! If anyone has any more insight on why eod was like that today, would love to hear it. Thought I missed a bit of bad news.
Driving, could you share some of his sentiments?
Wasn't the contribution a nominal amount?
Why did that just happen???
Will definitely keep that in mind.
Yeah, surprised though. It seemed just two weeks ago the slightest news would push this. We get all this press in the last 48 hours and no interest? What gives? Are boats already loaded and everyone is just waiting to set sail?
Someone needs to turn up,the volume! I wanna hear my Fannie sing! Break that 1.50!
How would you suggest gaining this edge? I have followed you, zargis, blue, and others who have provided great sources and commentary to help with my own DD. I am having trouble with entry and exit. I have a margin account so that helps a lot, but any advice or sources I could look to to better this skill would be helpful. TIA
I wasn't necessarily asking for advice that would influence my behavior, but just feedback on what typical pre-holiday behavior looks like, if there even is a "typical." Was trying to see if there is a psychology, like profit taking, before holidays that I might want to factor into my own analysis of the day's/week's movement and my own course of action over the holiday. Thanks for your response, will take it into consideration.
I've been playing this daily, doing little flips, but I am new to the game and haven't dealt with a holiday yet. What is the movement/psychology like around such market closes? Is this a good hold, or is it usually better to sideline until Monday? Wondering about the logic behind either course of action. TIA! $FNMA$
What keeps pushing us back down?
What makes you think it will be so low? This is a nice tight little channel.
Out at .54. Looking for new entry. Any thoughts? If we break resistance, should we be in good shape to run?
Would welcome more post-day commentary. Was this overall a good day? I know it didn't have the volume of wed/thurs. but can we look at this as some positive consolidation? I mean the 1.40-1.42 held up so long today. I threw everything I had in at 1.42. So surprised the 59b didn't get much mention.
Not quite the EOD I was looking for... where are all those short covers?!
Another power quarter hour today, lol? Just pulled the trigger! Thanks again to everyone doing excellent DD and presenting both sides of this situation - so glad I found this board!
Will my 1.43s have a chance of being filled today still or did I miss that boat? Is the payment news enough to keep us moving up? This bouncing is giving me a hard time with finding my next entry point. What an exciting day though! $FNMA
I would like to say thank you to everyone who has encouraged and presented DD on this board. I went into fnma (and trading in general) blind in late march. Obviously, I had some very nice beginner's luck. As some of you have pointed out, one cannot continue working with just luck, especially with a beast like this ticker. Any advice on where to start in terms of learning how to read charts and understanding TA FA? Do I need to pay for L2? I am eager to learn and don't want to be subject to the rhetoric of this board only.
GLTA $FNMA$
Was holding this overnight a mistake? I feel like it is such a coin toss at this point. I've gotten lucky with this ticker, but I feel like my luck ran out today. Any thoughts on tomorrow?
Amen to that!