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I bought this because I've seen a similar pattern and believed/anticipated it would do the same. Rob also told me to buy which didn't help. I did have my risk/reward set up just in case the stock went against me, which in the end, it did, and I ended up saving lots instead of losing lots. I got out right below my risk of 2.72 and thank goodness because the stock fell off the cliff shortly after. Good job on cutting losses quickly.
$FNMA ran up nicely this morning. It pulled back and had some sideways price action and that is when I decided I would buy in believing it would break out. I also had my risk put into place just in case it didn't break out. It ended up triple topping so I cut my losses quickly.
I did not buy at open but waited for positive movement. It moved very slow had small dip then started to move up but every $0.01 increase was met with large volume selloff so I got out because the stock looked like it was going very slow at best or go no nowhere. The stock dropped to 2.57 @9:43 and reached $2.85 @ 7:17 AM.
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