Fannie Mae-No Politics (FNMA)

[nick101]

Take this with a grain of salt. IMHO the stock will become naturally over bought and drop before any news comes out to make it drop. From a chart perspective it will drop and consolidate to a point that know one knows. News trumps charts but there will be a correction no matter what. I hope it doesn't correct and fall as fast as last time but it probably will. There's no telling how far it will fall. We don't know if it will consolidate at $3 or $1. I don't think it will go to $1 but even if it consolidates at $3 or higher we don't know how long it will take to start moving up again. This is not the typical stock. I think the MMs will sell at certain point and trap a lot of people and they will make a lot of money just like last time. That's what Crawford might be referring to. Crawford correct me if I'm wrong please. If you're in for the long haul it really doesn't matter. I think there's a lot of positive things in the near term and long term.
I hope this idea helps someone new already in. I'm long but going about differently.
Sell enough on the way up so you're going long with free shares. Like what I read and agree with from someone else posting here is that you don't want to try and sell if it's falling. Orders will be hard to fill and almost impossible to fill once the MMs sell and panic sets in. Again, if you're long it doesn't really matter. If you're new and want to make some money short term you might want to hurry up and learn how to read charts. I want to go long and sleep easy at night but that's just me. GLTA