Replies to post #67533 on Fannie Mae-No Politics (FNMA)

[SlickRick76]

Thanks to Reasonable i waited and bought today at $1.50. Feel really good about it. I would absolutely be shocked if this dips under $1.39, 70% retrace and RSI under 50 is key. Very bullish from here on up to $7's - 8's.

[TheWool]

I jumped back in @ $1.56.... FNMA really messes with your personal logic because it makes monster moves in a day as opposed to weeks. This could creep down to 50 ma, but shorts have to cover at some point. Chart still looks ugly IMO... Looking long term, $1.50's are a great buy. GLTA