Fannie Mae-No Politics (FNMA)

[chenzo11]

Ouch! I've been dumped!

No biggie, It is my hard earned money and if I, or anyone wants to take profits, then it is my/our choice. There is no badge of honor in holding when the PPS is dropping like a stone. If a car came speeding at you, you'd get out of the way, wouldn't you?

I think it is silly to think that my small retail sell (compared to today's volume) had anything to do with where we are now.

If you did nothing today, you are down 8%. If you bought at the open, you are down 15%. If you bought in the frenzied top, you are down almost 30% and kicking yourself for making such a horrible trade.

By the way I am back in long, check my previous post, and I am up for the day.... That is what is really important and a lot of the newbies here need to understand that is the end goal. If FNMA hits big, then we will all be wealthy. If not, I hope that I took the chance to get out with what I could salvage. I will defend my cash anytime I feel it is necessary.

Amazing how the sediment changes. Down around the $1.00 area, we heard nothing but a lot of shareholders who wished they had sold in the $4.00-$5.00 area.

Anyway, I've never been one to follow a herd so enjoy your party, I'll enjoy my Maker's Mark down here in So Florida.



GLTA

Chenzo