god i hope it pulls back in the 1.40's so i can buy back in. FNMA will continue this momentum, Housing markets are stunning right now and mortgage biz is finally on its feet with much more credibility (dodd-frank act & safe act implementation in 2008). Mortgage biz is where its at and fnma has too many reasons to go up from here, BULLISH
Sentiment: Strong Buy
OTIVO, did you sell @ 1.40, too ? Like scharf_c ? But he already jumped back in at the same price he sold.
Of course if FNMA run, she then pull back, but the difference is not much, in my opinion.
Long ago I bought AFCI (advanced fiber communications) for $2 a share. Sold it 4 months or so later at $8 and felt good with the quad gain. 12 months later they were trading at $55 and CSCO bought them for a premium and they shot up to $80 a share. I turned $5,000 into $20,000 but could have had $200,000 worth of CSCO or cash. I doubt FNMA will be purchased by anyone, but I can imagine $30 per share in a few years time.
I TOLD you man. stay on the train. you are ur biggest enemy.
LVS was selling at $2 in 2009 and everyone thought it would be bankrupt. 5yrs later its at $60. many many many people on the same yahoo msg board sold way too early (including me). its all about sitting tight and doing nothing