The problem is that many traders are not able to stick to their original plan and then hence, lose money.
This is especially the case with FNMA and FMCC, primarily in part due to their volatile behavior, and also due to high-manipulation on the part of Media, Algorithms, and the Government.
My original plan is still sound, however I have taken the liberty of flipping and obtaining more shares.
Some traders have held all the way through, others only flip or momentum / swing trade.
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At this point, it seems that the combination of repetitive shorting to hold down the stock, mixed with media negativity, is forcing many to lose interest or take off at a significant loss.
I myself at times feel stressed due to these many factors, every week I re-evaluate my position at least 2-3 times and come to the same conclusion, and so, I don't run with my tail between my legs.
If that conclusion changed drastically... based on fact, documentation etc. and not just technical charts and media hounding / government lies, I may choose to leave myself.
However, to me, it seems that this 'outside noise' has been reaching for a climax.
When we thought it was over, the negative media hype, they added more.
I agree with many that this will continue until the corker bill hopefully by the end of July, is expunged.
The whole point of this torture chamber is to test the following factors in traders and break even those most resilient:
(in my opinion, of course)
Attention Span - If it doesn't move, it's not fun. Right?
Extreme Losses - Where a bag holder or day trader is not willing to 'potentially' lose anymore and causes their own loss.
Liquidation - Throw this around and novices immediately crap themselves and jump ship, sure, no big deal to many of those who are familiar with the scenario...
Now add multiple bills attempting similar results, multiple media outlets shouting this as the end-all in different ways.
Degrading Technical Charts - At least, short term. Though combined with the media negativity, it looks surprisingly worse.
OTC Tickers - Used to the all mighty pump, dump and ultimately the death of a ticker. I don't always play with OTC stocks, this is one of the few I have, but to those who have already played these extensively, and to anyone who is familiar with how OTC stocks are pumped then dumped and just... well game over at times, this would be a valid concern. Many may think of this as just a big hype move, and that's it.
Thankfully, the media is still chattering away about this pair... especially in stock news. Don't think we're dead yet.
In conclusion, this ticker makes one want to shoot oneself... I wonder if anyone has gone that far?
-Z
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