Short answer: yes. If you can't sleep over a few shares going thru rollercoasters, you aren't cut out for finance. Leave or learn to handle the pressure. This is natural selection. At least $20/share at corrected value is my opinion based on technicals and historicals. I'm going fishing.
youre gong to be alright , earnings will blast the share price upward in about month and a half, good time to average down , easy to trade very liquid I'm holding for much,much higher stock price , I was up today about $8000 on my shares I bought Friday , but no big deal , risk is very little now with this stock and potential reward is great !!!!!!!!!
I sold at 3.80 yesterday & I bought back at $4.60. I was so happy to see it go above $5.00. Then I went to a flooring company asking them to provide me with a copy of the invoice at a tax officer's request for the work they did three years ago on a downtown rental. I wasted an hour there because they could not find any record of me placing the order. I checked the price during lunch hour and saw that it had dropped already. Nevertheless, I am going to hang on.
Sentiment: Strong Buy
RSI came back down to an more respectable level. OBV still pretty high. Still way above MA's. Could say they filled gaps today so that it could keep going up. I have no idea what its going to do but my guess is that it is going down. I would predict a close below $1.50 tomorrow. But I hope I'm wrong.
dont feel bad, i bought at 4.69, watched it go up in about 20 minutes and then blew my sell orders chasing it down, then froze up. would have made about 6K in ten minutes, instead lost about 16, it was a very bad morning.
As long as bankers are still shysty and can be relied upon to do whatever it take to boost their share price, as long as the real estate market is booming, as long as congressmen and their buddies can be relied on to insider trade, and as long as Obama wants to say "the american taxpayer got all their money back plus a profit, and we are getting out of the mortgage business" if you think these things can be relied upon, then fannie mae is a good long term deal.
But the idea of having it be dead money for a long time just sucks....