Up 300% in 4 days. Lol, yeah that's gonna hold. Plus the massive increase of shorts by the pros. Figure on a gap up to $1.50 then a crash to under $1.00. Unless good news of course.
Then it will drop like a rock and the shorts will win.. again.
I wont cover till the shorts cover = well un der a buck. ( or over 2.5)
that is interesting. Why buy the BBs if they're gonna get wiped out when she goes back to the NYSE? Must be more to it than that, or this woudl be a classic... music chairs. Whoevers in the stock when the announcemt is made, get zippo. lol. Must be more to it than that.
Though that would explain the massive short position. Hmm, I guess i'll make 100% on my short if that happens as well, for i dont have to buy back any shares if they are no longer in exsistance. lol
well one key difference is that FNM is making a sizeable profit. THe market LOVES that. sure they're in debt to their eyeballs. But so is AMZN. As for PE and market caps, look at FB, LNKD, now that's some lofty expectations. FNM can rise and will untill the next and final bubble pops. However.. those who think we're going back to $80 and housing prices going back to all time highs are sadly mistaken. Just like sequels, the second time aroudn is rarely as good.
Its the Benny put, he's buying everything. I'm surprised it took this long for fat fannie to get on the housing bubble. 2.0 waggon. I figure this benny rally has another 1 or 2, then whammo, everything implodes, including FNMA. but this piggy can reach $30 by then, so buy if she breaks $2.5, and sell at $30. 10 fold in 2 years is certainly possible.
shorts are almost never wrong. If FNMA is for real, short will pound her one more taime to cover then go long.
FNM didnt start going parabolic till it hit $20 in 1995 ( just after the housing correction. - i remember cause my brothers had a few rental properties that the bought in 1993 and were #$%$ in 1994 that the house was worth less than they paif for it... however this is not to say they were underwater, for back then you still have to put a sizable down payment, not like the 3.5% today..lol) but i digress...
So I figure the real mainia will come at $20. If we dont go back to the pennies of course.
FNM went up 400% in 5 years ( 1995-1999) ( $15 - $71)
I'll be long gone and retired way before then. IMO we top out around $30. I want options on this sucker if it rises form the aches. $20k in leap OOFMC will make ya rich.
Where are the buyers / bag holders from the $50s?
Sure FNMA is up 300% in 5 days, but also down 98.5% in 5 years.
For most Buy and Holders, FNMA needs to break $30. ( thats asuming they didnt buy on margin, and found more money to keep buying more and more the lower FNMA dropped )
So most bag holders ( buy the dips, never sell ) crowd are down 50, 60 even 70% easy.
1.... get over $1 for 3 months. = off the BBs
2.... Get over $5 to become a buyer of Tuts. / Muts.
3..... Get options so some REAL money can be made buying Jan. 2015 $20 leaps for pennies.
If this really is Housing BUBBLE 2.0 then FNMA should easily hit $10 by the end of 2013, and $30 by Jan 2015.
$1.25. And i'll short the #$%$ out of it. I think we'll top out at $2.10 like we did in 2009. 10 short every 25 cent rise.
10k order to short at $1.25, $1.50, $1.75, and $2.00.
I will cover at $2.50 or $1.00.
If I'm long I'd be selling anything north of 1.75. Wait for a pull back to the low $1s, or a breakout above $2.50.
Yup, and my avg. price is $81 that I paid in 2000 for 20k shares.
Yeah, $2.50 to be on the safe side.
that was set in Aug. 2009 on monster pump volume. Take $2.10 and i'll be a believer
when ( if) $2.10 is taken out... there's no resistance till the $5s. I wont go full bore long till $2.10 is taken out.
nothing but a casino here.
will cover if we look to close above $1.00