Replies to post #50695 on Fannie Mae-No Politics (FNMA)

[USNavyVet]

i know what you mean about the day trader's, i'm long on this and i see a really nice payday. although im not going to say that i wouldn't sell and buy back in before that day. just sayin.

[~ NT ~]

I would say some big swings in the next few days, followed by some sideways movement - a run towards 5.00 after that - may take some time. This is a repeat of what happened in March - in general common with all stocks that run (or rather, spike up).

Regarding a 'blood bath' - that was inevitable. Anything that runs up 5x - 6x so quickly has to correct itself. The MMs thinned out the ask seeing so much retail money pour in to prepare for this raid. What happened was a bit more than correction - MMs beat her down real bad - plus too many 'wannabe millionaire' weak hands were there in this stock.

FNMA

[sunny9]

I hope no longs sold this morning when it went down to 1.30, patience is key here, as long as there is speculation and volume this will keep going up. People do not want to lose out on this opportunity, stay strong with the turbulations and not panic. This is exactly what they want you to do.
Although I trade with some shares I am long with majority of shares. Keep the faith you will be rewarded.
C ship will not end soon, this stock will be trading and with HFs involved this will go higher. We may have some up days and some down days but in a matter of time all will be ok.