I was in similar boat. But now that you've (it sounds) broken even, you can liquidate and sell some of your holdings if you want to reduce your exposure to the still unpredictable fnma ticker. In one account i was buying in the 50-60 cents range. I'm not rich so i had a very small amount of shares. I basically bought in because I had been thinking about buying fannie since fall 1 yr ago, and wondering when / how if it'll come back, and how could it not? The general Macro picture brought me to it. EZ fed QE to infinity etc, housing prices rising fast. I'm not a very experienced investor but all my life i've noticed some things happening in the biz world or news world before others around me and i've identified tickers that turned out to be huge winners (even though i was never invested in them bc i wasn't into buying and didn't have $ to play with), and I just couldn't see how the gvt could get away with what they did to fannie. I told my parents to buy some AOL in summer of '93, long before that ticker exploded, for instance. $5k invested then would've eventually turned into $500k! They didn't buy! I was talking up Tesla in 2008. I Never bought. There've been quite a few others. I'm by no means an expert but i feel fairly confident in my rare / occasional picks (not that those were all necessarily unique or difficult picks to make).
When i became as curious and intrigued about fannie as i was about all my other previous successful picks, i couldnt take it anymore and bought a bit before the spring 2013 run, just as a way of finally putting my instincts and curiosity-driven research to the test (i'd only dabbled in the market prior). Tiny holdings. But i added. As it spiked I bought some in my retirement account, too. And in that account i couldn't get in and out as easily, and just didn't play it well at all (even though i never anticipated having to try flipping). So in one account I've been holding a bag since May. In another i've been ok. I averaged down using some serious $ (to me anyway) in my retirement, and ended up in the green there again this month. So now i'll be reducing my holdings to be more in line with my originally intended exposure back in May. But i'll hold the rest. Like you, Usmcvet, I've learned a ton since May. I read everything i could, every day. Watched the pps swings. Never really flipped much but added at a few good places. Learned a lot from people here. Paper traded. Developed a better understanding of my own tolerances. Never sold a share. My DD leads me to want to hold all my shares until a final result is determined regarding the GSEs. But I think I will soon reduce to my originally desired exposure. That's my current dilemma; how much greed will I allow myself before I make good on my original plan? From now on, for me and probably for you, diligently protecting my capital has taken a more proper place in my priority list, that's for sure. If this thing goes down near my average again, I'm pulling most of my $ out and waiting the necessary 3 days if I have to, before considering when to re-enter. But i would certainly re-enter, because I'm long fnma for sure. I doubt I'll ever get to the required 20k share min to be invited to Vegas! But I'll be very happy indeed if this ticker reaches a pps anywhere near what it's probably actually worth.
