Replies to post #189741 on Fannie Mae-No Politics (FNMA)

[Zargis]

Almost seems like they're trying to 'dump and pump' (opposites day) HA!

We shall see what happens tomorrow. Closing above the daily 50-day moving average today (3.49) and the 50-week moving average (3.17) were both good signs today, though I am a bit let down that it closed under $4.00. That would have been an ultimate sign of a quick run back up.

RSI and Williams %-R is reset from overbought to oversold and those who were behind the 'manipulation' surely have gained either massive profits, many extra shares, or both.

At this point, I am wondering if it will hover in the $3.25 - $3.99 range for a week or two before moving back up - though the after hours news is a bit pushy.

Be safe,

-Z