Fannie Mae-No Politics (FNMA)

[chenzo11]

I'm not willing to wait for a confirmation. A move from $1.40 to $2.10 is a 50% gain that you will miss. Also...

$10,000 will by you Approx 7100 shares @ $1.40. That same $10,000 will only get you 4700 shares @ $2.10. You have significantly reduced your future profits.

Something that you need to know. The breakout over $2.10 will probably not happen the first attempt. Shorts will beat the price down knowing that that is the last barrier. Remember, the battle will be waged from $1.00-$2.00. After that, the lid comes off and huge runs will happen.

The breakout will occur due to news, probably premarket or overnight. If you wake up to that and are waiting for confirmation, you will have it, and will have to pay $2.80-$3.00.(buying at the top?) Now how many shares will that same $10,000 buy you?

Be careful waiting for confirmation, it may cripple your future profits.

GLTY

Chenzo