Fannie Mae-No Politics (FNMA)

[ThePennyDoctor]

Thanks. I did make nice money on this yesterday. I loaded it really heavy off the bat in addition to what I held over night, and then sold at $2.44. I posted on the board when I sold. After I saw it go much higher, I felt a bit stupid - I was using a trailing stop - but of course it turned out crashing so I made an OK call.

I am on the sidelines watching for now. I expect a dip today and a dip and rip Monday - just my best morning guess. The big fall yesterday is going to scare a lot of traders, and I figure many must have got stuck with a high ACB given the volume.

This play is far from over - as long as this ticker is volatile and has volume, I will always trade it. I think it is the only OTC ticker I keep on my streamer year-round (I guess AAMRQ also - that one looks tapped right now though)