Fannie Mae-No Politics (FNMA)

[frdmlover]

I jumped ship at 3.70....pretty pissed I didn't do it at 6.00 when the buying stalled. Then it fell so fast I just couldn't catch it to get out.

Now, it higher than what I got out, not sure if I should get back in now or wait and see if it will come down below 3.50 so I can balance out the huge 30% tax hit.

Honestly now that the dust has settled I wish I had not sold, but I saw my profits going faster than I could hit refresh so I undercut at 3.90.

So, do I eat the tax loss and pay the higher price to get back in or do take my profits and buy a duplex rental that has both side rented and give up on the stock market.

I am gonna wait a few days until after this bill is "released" and see what the pps does.

I am pretty bummed out now. the dive cost me 28k in profit not including the tax hit. I still come out ahead about 35k so I could walk away and say hey I made some money.

This pretty much sucks.