Replies to post #32365 on Freddie Mac-No Politics (FMCC)

[Fross]

If you do flip use resistance and support lines. Good luck ;-)

[shanett]

Same here and if I flipped, you can bet huge news will hit and I will have to chase lol. GLTA FMCC

[Always wondering]

On the first couple runs there were what seemed like a span of 2-3 weeks where the morning run would pop up and then fill by 11 am. My ONLY successful flips were during these periods. I had to actually force myself to do it. I also tried to use resistance and support levels but be aware that during a run with volume and with the volatility involved here that is not an easy thing to figure out. Those levels were blurred. The last time it usually went up .10-.20 early then filled. I watched it do it so many times without making a move until I figured out all the free shares I was missing. Very difficult for me to time it correctly. Lost on a couple as well. The key for me was not to be greedy. I'll be trying to do the same thing this time. Much easier now because I have both Fannie and Freddie. I'll trade one while leaving the other alone that way I'm always in the game for the unexpected. GOOD LUCK!

[Sogo]

Same here. i'm no great flipper. I came to fnma as a macro play, and stayed in for the 2nd run, missing many good flipping chances. But i don't have day trader status anyway, so that prevented me from even trying to flip much. After 2nd run, pps action eventually became so predictable every morning 8:30-10:30ish that I wanted to flip a little but lacked enough powder. So i paper flipped, and was ok at it, not great. I flipped 1-5 cent moves easily. I'm currently up with a core holding, down in another account, and overall I'm just long until the big political decision is made. I'm hesitant to add right now but given some additional positive info appearing sometime soon I might add a little. The buzz, at least, has lately turned enough to tempt me into adding. If I add, I will probably take some profits on any subsequent run, but Probably not from my core position. If I get good enough at paper flipping without violating non-day-trader rules, I might flip more for real, but that won't happen for some months probably.

[fredspal]

i had 60k shares and took profits at 84 now i got 24000 and im even as i got 113 142 300 shares going up and didn't sell at five then scottrade didn't let me catch the dip after the high at 160 or i would have doubled in 5 minutes five is good target but my man said here to go to book at 60 and be patient i got a few months wth wish i had those 30 cent shares still lol don't kick yourself i had 17 cent fnf last year sold for 20...

hold for 60 $ fnf going to da moon soon qwe up 20% 30 day