Gentlemen, it's a matter of perspective. I use News to see when the stock is going to rise dramatically based off of particular news criteria (as in 2013 and 2014). Based upon the momentum of that rise, and determining market momentum and certain levels of resistance, I trade accordingly. I may sell, like I did at $3.21 today, or hold longer-term if I think it's going for a multi-day rise. Also note that most news are timed/manipulated with political agendas, and stock is manipulated by MMs, with shortselling. Over the last five years, I have seen the stock follow predictable technical patterns (I.e. as once news is dry and the
stock can't break a certain level of resistance (such as $3.20 for FANNIE MAE right now), the stock Will take a temporary drop to the next one or two levels of resistance (this may be a drop of 10%, 20% or 30%). Unless there is additional news, I see the stock going back down to at least $2.91, where I will buy back in.
Can I miss out on the release...potentially. Am I willing to try it right now...yes, because I believe we have at least 6 months, if not years to go. Since I am trading in an IRA, I am not paying taxable gains every time I swing trade or daytrade. I am up >$17,000 on this run, but also missed out on many price swings as swing trading and daytrading is not perfect. Trading the stock is beneficial to me and my accounts at this time. If I was trading in an individual account I would likely buy-and-hold because of the tax disadvantages greatly outweigh the risk (for me) and the huge potential in this stock. I believe long-term we will reach at least $4 before any negative news driving the price down. Possibly even $6 or $7 dollars Ultimately, I believe FANNIE MAE will go much much higher, at least to $18. Go FNMA and good luck to all of you!
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