TheBoss56

@MarxistTrader is FNMA safe for tomorrow?

MarxistTrader
MarxistTrader Nov 30, 16 11:36 PM

So, I like its chances for continuation tomorrow, *but* the risk/reward (and probability of each) isn't as attractive as I'd want to *recommend* buying tomorrow.

MarxistTrader
MarxistTrader Dec 01, 16 11:40 AM

Head & Shoulders pattern intra-day at $5 resistance. That's the risk of adding on a day like today. If you got in earlier, you're just debating where to take profits vs. stressing about g/r.

TheBoss56
TheBoss56 Dec 01, 16 5:56 PM

Thank you for the guidance. Do you have a watchlist you have posted for tomorrow?

MarxistTrader
MarxistTrader Dec 01, 16 9:13 PM

Nah. I've never done a watchlist before and I was planning on taking tomorrow off anyway. If there's demand in the future though, I might consider it.

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blizz

MarxistTrader
MarxistTrader Nov 30, 16 9:45 PM

FNMA hasn't published any press releases. I believe you're referring to articles published by the NYT, WSJ, Bloomberg, etc. about FNMA & Trump's treasury secretary. They're not "trying to get some trading volume on this thing." There's trading volume on this thing because of what legitimate news sources are reporting on.

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kazimi

MarxistTrader
1MarxistTrader Dec 01, 16 3:17 PM

That information comes from being knowledgeable & up to date about politics. Fannie Mae has $5 trillion in assets and $3 billion in revenues this past quarter. It's absolutely central to the American economy and freeing them from gov't ownership, as Trumps treasury secretary wants & has the power to do, makes this a legitimate long-term investment.

MarxistTrader
1MarxistTrader Dec 01, 16 3:22 PM

Now, I'm not an investor, I swing trade over a period of a few weeks. I sold this morning at $4.53 because it broke its intraday uptrend. But, knowing about the company I'm trading helps me pick a side to play - long or short. It will present many *amazing* short opportunities in the next year, but the fundamentals and chart are extremely bullish long-term.

MarxistTrader
1MarxistTrader Dec 01, 16 3:29 PM

Whether the chart looks good for a short or long depends on your timeframe. If you're talking just about today or tomorrow, yeah, it's a potentially rewarding short - if you know how to read the intraday chart. But, you're going to find investors and swing traders buying dips because of the new developments surrounding the company. The 5-year weekly chart is one of the most bullish charts I can imagine.

kazimi
kazimi Dec 01, 16 8:07 PM

@MarxistTrader makes sense especially the dip buying part. interesting. learned a lot if the things you said are true. thank you !!!

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