Fannie Mae Preferred S (FNMAS)

[hillaryha64]

3 DAYS UP, 1 DAY DOWN


1/ Is it the typical trading market ?

2/ Following that formula, FNMA was up last Monday + Tuesday + Wednesday, then was down on Thursday.

After that, she was up last Friday + yesterday. FNMA will continue going up today, then pull back a bit tomorrow.

Partial of the buying today is because Buyers start to transfer funds from outside into their a/c since last Wednesday after the run of FNMA. It normally takes 3 business days for the funds ready to trade.

And today is the day that those funds are cleared to trade. That will help FNMA to run up one more day before pulling back a bit tomorrow.

Can't wait to see how high she is flying today. 6.5 hours to go.

Just my opinion