10K gamble - usually flip these but holding this one overnight
It's not hard. This stock is an amazing trading vehicle. I love scalping half a million pennies of FNMA.
Filled Sell 100000 FNMA Limit 1.40 -- -- 10:21:30 01/26/16
Filled Buy 68600 FNMA Limit 1.35 -- -- 09:41:08 01/26/16
Filled Buy 4300 FNMA Limit 1.35 -- -- 09:41:08 01/26/16
Filled Buy 27100 FNMA Limit 1.35 -- -- 09:42:42 01/26/16
Out of pocket costs = 7.95 buy commission + 7.95 sell commission + 750 STCG withholding. Net = 5000 - 765.90 = $4234.10
Hey there ertguy ... that was quite a wall at $2, gave up less resistance than your mom on prom night with a bottle of Boons Farm.
Agreed not the way to invest. I have core shares (FNMAS, FNMA, FRE) that are 3 years old that make up my long term investment in the GSEs.
I sold some of these core shares ~2 years ago and have been generating trading income ever since. This income has change my lifestyle and allowed for additional vacations, purchase of a new vehicle and capital improvements on my home.
Thank you FNMA
I have core shares, purchased 3 years ago below $1. I sold some of these at above $4 and have been accumulating trading income ever since with that capital. I'm in this for the long run but why not take advantage of predicable patterns and trade as well right.
Will add another 10K if she drops below $2.
The patterns here are relatively predicable. Look at the chart for last three Decembers.