Replies to post #67402 on Fannie Mae-No Politics (FNMA)

[QServus]

I think this will revisit $1.30 range Monday

[buckeyefan1971]

I would love to hear your Reasoning behind a gap up? We finished near LOD. If anything it should gap DOWN.

[PatrickBateman]

Down 17% in one day and it's going to gap up on Monday? Based off what?

[terexberd]

I do not see gap up happening after what happened today, sorry. But, Monday could be a green day for FNMA.

[JohnCM]

With Reasonable turning bullish I should be buying hand-over-fist!

I purchased today at $1.75 and $1.59

Right now on my IRA account I am weighted as heavy as reasonable, so no more buying there.

My individual trading account with a basis of 1.74 I can continue buying. I guess I will have to set the "buy range" at $1.25 - $1.50