Replies to post #140011 on Fannie Mae-No Politics (FNMA)

[chestercopperpot]

Im caught between a rock and a hard place . If we go up to $5 - 8 and then the dumb asses come out and say 'we are moving the reform bill to the floor" then the dump comes. I don't want to get caught in the dump. Or we could keep moving along nicely into earnings and lawsuits and this could just keep on trucking upward and we will never see $2 again. So take profits or hold at $5.00?

[chenzo11]

crawford2012 what i believe you are trying to say, is that you believe that FNMA will not go straight up. If this is the case, I agree with you. The powers to be will jerk this all over the place. Just look at last Thursday, from $2.68-$1.86 in 90 minutes. ON NOTHING!

Caution needs to used with a speculative stock like this. I understand your warning. Unfortunately, unless you are on the losing ends of one of these speculative stocks, you will never learn. I have been there.

Here's the problem....
Alot of people here are under restrictions from their broker. If they sell, they cannot get back in that day because of day trading regulations, and for others, they will not be able to get in for three days. Even if you sold high on Thursday, you will miss the possible run up Monday-Tuesday. Now you are buying on Wednesday at the top, and are stuck "hostage" when it turns around.

So it is hard for them to "play the game" of flipping and accumulating. I have no restrictions, so i can get out anytime I see danger. I am not always right, but I can always get back in quickly if i feel it necessary.

I am a very cautious investor, and I do not think you are raining on our parade. I would be curious to hear who you believe are our pumpers. I have a pretty good idea, and I'm sure it would shock alot to find out who they are.

GLTY

Chenzo