Replies to post #561683 on Fannie Mae (FNMA)

[chessmaster315]

There are several different types of gaps.
Not all are "filled" contrary to popular belief.
Investopedia explains ONE type of gap, which does not "fill":

The Difference Between Different Types of Gaps
There are some fundamental differences between the different types of gaps. For example, reversal or breakaway gaps are typically accompanied by a sharp rise in trading volume, while common and runaway gaps are not. Additionally, most gaps occur due to news, or an event such as earnings or an analyst's upgrade/downgrade. Common gaps happen more regularly and do not always need a reason to occur. Also, common gaps tend to get filled, whereas the other two gaps may signal a reversal or continuation of a trend.

The gap you speak of is a "breakaway" gap, based on news (En Banc ruling), accompanied by large volume. It probably wont fill that gap.
Source:
https://www.investopedia.com/terms/g/gap.asp

[Lightningvinny1]

I’m sticking w the $50 gap that needs to fill,,
Reasons......
Because they are god dang worth $50 easily ,,, that’s the only reason we need

[mrfence]

$FNMA~FANNIE will miss you :-(

[Jason-H]

The breakthrough gap should not be closed. Otherwise, it means weak. So I do not think that $2.4 gap would be filled.

[juba22]

REPOSTING FROM AN EARLIER POST. (for timestamp proof check the reply to:)
Wednesday, 09/18/19 07:30:17 PM

$2.45 gap fill still going to stick with that.

reasons:

1 - impending market correction

2 - lengthy ruling of CSHIP release and actual legal proceedings to follow

3 - bash pieces to bring price down for large investors to load up

4 - because charts never lie


Long on FNMA - long and realistic.