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1.7 millions shares is a drop in the bucket for the money wall street plays with. If it was such a sure thing it would be 100 times that amount
I haven’t been on this board in a while. Any ideas why FMCC is .15 higher than FNMA which it has always trailed?
This is a non event and will fade back
Only speaking towards technicals, not hypotheticals or hopes and dreams, 4.30 is insignificant compared to breaking and holding 4.40.
4.30 is a irrelevant number. A close above 4.40 is something to talk about
Maybe this little run up was designed for a sell off upon appointing munchin
Traded right back up into its pennant and wouldn't be surprised it closed green.
Watch this rip up
Breakouts like this often check back to retest the once resistance so don't be surprised if that happens
That statement is as obsolete as your opinion
Why would I go away? I sold 10k shares at 3$ at a purchase average of 1.68. I've done this dozens of times over the last 3 years as this ticker has the liquidity to do so and trades nearly to perfection. I am not saying I'm 100% right because that would be pig headed and I'm not a pig. But I do plan on having the opportunity to repurchase at 1.86 in the future. I trade to make money not Cross my fingers and hope all works out well
Come on back to earth baby!
I think the market might be happy with this report. It's been such a dismal outlook we may have found a bottom
Wow an entire 14k in dollars sitting on the bid!
I don't know about all that but I do realize how overly sold this ticker happens to be. Not that it doesn't deserve to be. But how the slightest sentiment change can ignite a multi day run. I don't have any concern over the long term story and I'm not sure how today's news is really a good thing but like I said, it only needs a spark
I'm interested to see how this plays out today with just over 3 hours left. If the volume continues anywhere near this pace this could turn into a multi day runner. At the very least I expect to run into .12 and that might be the short term ceiling
No. Trading pattern. Full top at 1.82 then back down. We are in a clear descending pattern
So far everything you have said today has played out in the opposite fashion
What kind of history?
Or traders trading in the tight range it's been in because they know people will buy when they see green as they are dumping their shares purchased 25% ago. No reason for this to breakout whatsoever ever. And "if" it does it will certainly be on more than 750k in volume
Crushed is a pretty strong word considering it's the VXX
Quite a few people here hanging on. So rare for a situation like this to right itself.
I see a giant head and shoulders pattern
Insolvent
Well some positives to take away are we closed above 1.71 and there isn't a gap to fill:)
Lol... That's cute. A little under 10k in actual dollars has been traded today. Big sharks? Common chicken little
Lol the day is just getting started. Need to confirm the bottom
There's 1.71 as I stated yesterday. This is a great support for a bottom but we shall see
lol congrats on what? The story doesn't change
1.71 bottom
Just another day here nothing to see. Price will fluctuate from 1.90-2 until something news worthy breaks
Love it! And echo the same opinion
Just be glad we aren't saying there goes 1.90 geeesh
Ridiculous speculation at best
Why is it you choose 2.15? Why not something reasonable like 2.03?
Would love to see a nice little hammer candle today with the wick touching previous lows. Almost there
Interesting little nugget at the bottom of this article regarding Freddie
How the refinancing boom could hit banks, investors http://www.cnbc.com/id/103764932
http://www.cnbc.com/id/103764932
Sure bud