Replies to post #206588 on Fannie Mae-No Politics (FNMA)

[Always wondering]

Great post Zargis. Similar situation here as well, numbers and all. I would be willing to bet there are a lot of people currently in the same situation. We could turn out to be geniuses :-)

[lumpina]

As always, your posts are very readable and interesting.

From the bottom up (re your p.s.)

If I believed as your 1st 4 believes, then I wouldn't be in the stock at all. I'm not accusing you of conflicting yourself but it almost looks that way. But, then your 5th believe seems to contradict your 1st 4 beliefs - meaning that the billionaires aren't in the PPS as a bet; that they "believe" that this is going to be a winner.

I'll PM you my thoughts on the upper part of your post.

[Danno_cal]

"To top it off, I'd be stuck in the technology sector as a laborer / technical staffer for the remainder of my life."

This alone would make me want to invest every penny I own!

[reyprimero]

Good post ,you speak sincerely, I know and understand your position, I was in that position a while ago, and respect your P/S ,agree with you!! Fortunately you have here a golden stock, I believe that firmly! GO FnF!

[chestercopperpot]

Don't feel bad , I'm a laborer in commercial printing! I don't have a large position in this though. I wish i could have just traded this stock. I only sold it twice. Once for a very nice gain, but the last for a modest gain. Albeit i have not lost any money on this one yet. The only problem with this stock is it sells off way too fast. I gave back almost all my gains on the last dump. Why don't i ever lock them in? Its never bad to lock in profits. One thing i have learned ( from you ) is gaps always close. That is a truth that is hard to learn. When a stock gaps up it usually fills the next day. But sometimes ( unfortunately) it goes higher for a few weeks before it comes down and closes. The last case was a killer. But i have learned to pay close attention to gaps that don't get filled. There is a lot to learn to making money or in my view pulling money out of the market. I don't know i want to be an investor or a trader. I feel like i have the discipline to trade as i was trapped in a very bad position in FNMA for 6 months after the may run. But i knew i would get my money back out which i did and turned a nice profit in november. Investing is different. I don't know if i have the patience to wait 5 to ten years to "hit it out the park" on this stock. Sure it could be a home run. Or you could strike out! I think many people on this board are certain they will be winners. Sometimes I'm not so sure. Ive seen this stock sell off so fast it is scary. In fact it scares the shit out of me. The wrong news could send this to $0.00 in a flash! Like a flash in a pan. POOF! there goes your wealth. Im not bashing, i like FNMA, and i hope to see it restored. But i don't trust the government, who have there own agenda. I hope everyone does good here i want to see them win. As for me i will likely sell my shares if ride up to 6 again. The type of work i do does not pay a whole lot and i need cash now. Regardless of what happens, FNMA will provide me and many others here with LIQUIDITY! GO FNMA!