Replies to post #95365 on Fannie Mae-No Politics (FNMA)

[skidoo31]

Put your charts on the shelf bud

[Mikey Mike]

Candlesticks are not accurate when side trending...put the candlesticks away...

[~ Blue ~]

sorry man sell that stuff to someone else, I never trade this stock by that chart predictions.. talked a lot on this board about that topic before........

[KylieM]

What news is going to be detrimental to FnF?

I thought we had all agreed that the great earnings mean very little at this stage. That’s why the stock price is still between 1.0 and 2.0 since the last earning report. So if someone got the wind that the coming earning is not as good as expected, I doubt it would do any harm to the stagnant stock price.

The only issue that is matter now is the ultimate fate of FnF and it would take months or even years to be resolved by the politicians. TA which you are following does not apply to FnF. FA, which includes politics, should be focused on.

[VETERANTRADER]

RE: Today we had a Bearish Engulfment. A Bearish Engulfment occurs when a stock gaps up then finishes lower then the previous close. (I'm sure you know this, I am just documenting this for newbies). It is a very strong chart pattern and says we continue lower.

MMs also know this and they will manipulate it even lower. I hope the 1.40 support holds. If not, we may finally see Blue's $1.34 call.

vt.