Im going long on FannieMae FNM

[Wayne Gibbous]

Quote from Port1385:

I bought more Fannie shares today!!! BUY BUY BUY!!! TRIPLE BUY BOOOYAAHHH!!!!

Jimmy? James Cramer? Nice of you to drop in, you being the big media star and all.

But you really aren't much of a stock picker, are ya Crames?

 

[Trad'nUp]

Quote from Port1385:

I bought more Fannie shares today!!! BUY BUY BUY!!! TRIPLE BUY BOOOYAAHHH!!!!

I had to register just to find out how things are going picking up all that FRE and FNM??

Or are you glad it was all paper?

Scary but there's enough energy around this that there is still a play in each. A decent amount of money has been made today on them.

 

[jasonjm]

Quote from Trad'nUp:



Scary but there's enough energy around this that there is still a play in each. .

good energy or bad energy?

hehe

 

[kyc30090]

Quote from Port1385:

I bought more Fannie shares today!!! BUY BUY BUY!!! TRIPLE BUY BOOOYAAHHH!!!!

That's sad outcome. Wonder if he is still a long term investor. When will he cut his loss or betting he can profit from the average down?

That's why traders don't average down. The "investor" can perhaps buy them like lottery tickets or "long term investments" now.

 

[Port1385]

Hey guys, Im still here trading away on FrannieMac. 40% jump today.

I took 20 trades today, still going strong. Im up 25%.

 

[jazzsax]

I'm kicking myself in the ass on this one. I got in and out for fun yesterday, was fine....

Was going to hold 10K overnight, they i wimped out. Would have been up a few k today. DARN!

 

[Trad'nUp]

Quote from jazzsax:

I'm kicking myself in the ass on this one. I got in and out for fun yesterday, was fine....

Was going to hold 10K overnight, they i wimped out. Would have been up a few k today. DARN!

You're not alone.

 

[Port1385]

This is better then DALQ. With DALQ, the shares would eventually be cancelled. Frannie aint going anywhere backed up by the government. Lets trade!

 

[GTS]

Quote from Port1385:

Hey guys, Im still here trading away on FrannieMac. 40% jump today.

I took 20 trades today, still going strong. Im up 25%.

Of course no one believes you because you've already admitted that you make shit up:
http://www.elitetrader.com/vb/showthread.php?s=&postid=2056493#post2056493

Quote from Port1385:
I like to fool around a lot here on elitetrader so some of my posts are not that accurate to what I actually do.