Replies to post #140038 on Fannie Mae-No Politics (FNMA)

[penny chaser]

Tough one! To each there own I guess. I told my wife I was making a $40,000 bet back in May. She asked me one question, "do you believe this will be the best bet?" I said, "Yes" she replied, "OK I'm in with you"....I'm going to bet that $40,000 for the long haul, at least 18 months to 2 years. In the end If I lose the $40k, well I will scratch around and find another $40k somewhere

[mike_usa]

IMO the 79% of the stocks the govt holds will decide the rest of the common stock value when that part/full of the 79% of the stock changes hands from govt to institutions/some big funds by setting some pre negotiated price.

[nick101]

Take this with a grain of salt. IMHO the stock will become naturally over bought and drop before any news comes out to make it drop. From a chart perspective it will drop and consolidate to a point that know one knows. News trumps charts but there will be a correction no matter what. I hope it doesn't correct and fall as fast as last time but it probably will. There's no telling how far it will fall. We don't know if it will consolidate at $3 or $1. I don't think it will go to $1 but even if it consolidates at $3 or higher we don't know how long it will take to start moving up again. This is not the typical stock. I think the MMs will sell at certain point and trap a lot of people and they will make a lot of money just like last time. That's what Crawford might be referring to. Crawford correct me if I'm wrong please. If you're in for the long haul it really doesn't matter. I think there's a lot of positive things in the near term and long term.
I hope this idea helps someone new already in. I'm long but going about differently.
Sell enough on the way up so you're going long with free shares. Like what I read and agree with from someone else posting here is that you don't want to try and sell if it's falling. Orders will be hard to fill and almost impossible to fill once the MMs sell and panic sets in. Again, if you're long it doesn't really matter. If you're new and want to make some money short term you might want to hurry up and learn how to read charts. I want to go long and sleep easy at night but that's just me. GLTA

[nocluetrader]

chestercopperpot, I had the same question back then and was advised by (nobigdeal) "I wish you the best of luck here, sounds like your pretty new to this. So out of a firm belief I have that we should all make money remember this, NO SUCH THING AS BAD PROFIT! Remember that and you will make money. People lose waiting for that last up tick. IMO selling on the 85 - 90 RSI range is a good call for you, look into exit strategies ie: your exit plan, most of the time the least thought about but just as important as a entry. Best of luck and just my thoughts after seeing your post, brought back memories."

I haven't seen nobigdeal posting for awhile maybe he is busy. I wish him well. Good luck to you and everyone.

[IL Padrino]

My strategy is to sell 15% of my shares at $5 which will give me back my original investment and a few dollars profit.

Then if it tanks, I don't necessarily lose. But if it explodes, I'll be sitting pretty.

GLTA