Replies to post #160865 on Fannie Mae-No Politics (FNMA)

[VETERANTRADER]

I was going to sell before the close but it showed strength.

I can always buy more when (if) it gaps down from 2.50 - It might not, we'll see...

[OceanEagle1]

Because any gap down will not last long enough to get an order filled and then chasing will come into play. Better to get the deal a few cents above the gap (if any)either way. If people look at my posts for 2 weeks I have had a 20K buy order at 2.43 I changed it and filled at 2.51. It filled in RED PRINT and then I got 3000 more in the 2.45ish range, printed green. But I firmly believe, Big groups will take BIG BLOCKS tomorrow and this baby will head back into the 2.60's in no time. With that in mind, people will think it's gonna run and start a buying frenzy. Here we could see a massive little run and I'll be flipping some which will result in even more freebies!!!!
--Ocean--