Fannie Mae-No Politics (FNMA)

[chessmaster315]

All stocks, even bullish ones, can go down in a given day, week, or even year.

Warren Buffet says the stock market is a means to transfer wealth from the Impatient to the patient.

You need to ask which category you are in (patient or impatient).

Since the beginning of this year, FNMA has gone from about a dollar to around 3.20. That sounds very very bullish to me, but after about 9 straight days of gains, Im not suprised to see a few days of losses.

If you expected this stock to "rocket up" the second you buy it, and never go down, then you need to adjust YOUR expectations because this virtually never happens over a long period for any stock.

This does not mean you can not profit from FNMA or other stocks.
But if you expect the stock to go up "on YOUR time table" you are likely to be disappointed. I have held shares of FNMA for over 10 years and am confident that it will be released, relisted on NYSE, and dividends restored to investors, but I know well I dont know when that will be. It could be a few days, a few months or even a few years. I am in it for the long haul, and would not sell my entire FNMA position even at $100 per share. I would sell some, but I feel it has growth potential exceeding 100 per share, tho I doubt we will see that share price for several years.

I read where 80 percent of a stocks gains occur during just 10 trading days of the year. The trick is to know which 10 days it will go up a lot. So, I make sure I know which 10 days are the best of 2019, because I have owned it EVERY day of 2019, so I got in on all "10 best trading days" because I owned it every day.
I cant tell you which those days were, but you can look it up if you would like to know. I enjoyed 2019, as my stock is up about triple this year. It could easily triple again in 2020 or even more.