Replies to post #431420 on Fannie Mae-No Politics (FNMA)

[action8101]

Plus 1

[Clark6290]

Lol, how I approach this gamble as well. Good luck to the longs.

[FreeFNMA]

exactly how i feel, when this thing does pop it will be a members only club and the price of admission went way up

[Cringe]

The 3 to 5 movement does matter



even if you buy at 2.6 like i do, and sell at 3 + , at minimum you make 24 % each time


It does not matter if it goes down to 1.5, as long as you know it will reach 3 again. Which I have always been a believer of that.


Just don't get greedy, stick with a solid 20 % return on each flip. Your 70k would be 140k by now, or more, with minimal risk, and you would have twice the share number.

Even if you want to keep a core position, its stupid not to trade something when it pops 20% in a week.
Sell a third of your position or something, dont miss the ride.

[robertus]

I agree in every word you say even in the amunt of investment.

About timing of the big rise I have an idea, it looks that DT would be publicly criticised if he would let us earn so much money, so the best solution is F&F rise before R&R. Noone blame him for last week rise, for example. And it is usually so, many stocks rise on rumors. So maybe now it is the right time.

[imtheshadow]

Spot on and my approach as well. cheers