To make you feel better, you could have easily made yourself more sad by buying it in 2007...

That is being far too hard on yourself. Obviously I disagree with your thesis on how likely it is that FNMA will get out of conservatorship, but if it pans out as you are hoping it will, it will run up extremely fast.

I feel terrible about it, but I also know I would have never realized this completely. I'd have sold out of it when it went from .30 to .90. It dropped back to .82 or something then just exploded again. I'm positive I would have not bought back into it until it dropped again, so I'd have missed the entire run from .80 to 1.70. I've been watching this stupid ass stock for the last 4 years, and it's literally jumped 20-30% at times, and just pulled all the way back over and over.

He is being too hard on himself, but when you are invested in something and it just runs like a beast, you're pissed you didn't take full advantage. Obviously there simply aren't many times when something goes 3x or 5x in a week.

I'm chewing on xanax over this ****ing stock. I'd be up 7k right now if I just had patience.

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What I do (to keep my sanity) is keep a spreadsheet of all the positions I have held over the years with profit/loss I achieved and what I'd have today if I had just continued to hold on to every position.

It makes it easier to deal with when I look at them overall, instead of beating my self up over the one thing I got out of that is running up recently. It also allows me to learn from my mistakes.

I might start doing that. I make a lot of mistakes, but I've had some really good successes too. Just trying to limit my mistakes. I'm becoming more risk-averse in my old age (heh) and it's an issue.

Fannie mae is just killing it every ****ing day jesus christ

It touched 2 bucks for a few seconds. I had bought some at 1.63 and had then sold it at 1.72. Now I have finally decided to just buy it and shut my computer off for a month.

I have a feeling this thing is going to drop pretty hard. I sold off my shares again. I think this thing is going to crash. Looking to get back in at like 1.40ish

At the end of the day I just got this sick feeling about the overall market. Then I turned on CNBC and stocks had gone from plus 100 points to -100 points.

The only reason for it to drop enough for you to get out is if your thesis on its long term prospects is wrong.

If I believed your thesis, I'd consider a drop in price as a buying opportunity. It is doesn't make sense as a short-term trade.

You aren't the only one with that sick feeling of the market. It's a good thing to be cautious.

That being said, FNMA just went from -6% to +7% in 30 minutes.

This goddamn stock just keeps moving.

+10%

Not sure if it'll stay above 2.00. Interesting to watch. If it crashes after hitting 2 I wouldn't be surprised.

wtf.

Bought in at .925 after it did the run up to 1.50 and came back down. I was encouraged about the news returning to profitability and possibly, maybe, with a whole lot of run get out of conservatorship.


Basically threw blackjack money at, bought 500 shares.

What's my move now? Hold to 100, sell tomorrow, buy more(cost average up, **** that is like splitting 20 at the BJ table)? I don't know. I am new to investing so lets have fun with my complete disregard for money and my amateur approach!

My opinion is that if you believe it has decent odds of getting out of conservatorship, then you hold until it either does, or until you have a good reason to change your mind.

Yeah he's right that's what I am finally doing. You don't want to end up like me. With only a 50 percent gain. My strengths are that I am super good at analyzing **** but I am clearly superbad at just believing in my conclusions.

I hope someone saw this thread and made some money.

up 27% today. 27%.

27%.

Stop it your tilt is tilting me. Brian is right, if you think it's coming out of conservatorship it's still cheap. What you're seeing right now is a pretty standard upswing in a penny stock. It will very likely lose 80% at some point in the next couple of weeks and then rinse and repeat. All in a very unpredictable way. Without a reason for going up what goes up must come down.

omg on this thing

when this is all said in done I will give my Paypal address for your donations. thank you

Just woke up. **** I should sell huh? Buy it back later at a discount? ****

I'm the wrong person to ask. I am an idiot at trading.

Same!!

If I new anything at all i'm sure I would have sold by now!

Its fun to watch. Yesterday at close I made my biggest investment so far DXJ
100 @ 50.09. The loss im taking there is balancing out my gain in FNMA.
BOO HOO.

Wish I would have invested that 5K at IN FNMA. I might have taken the night off work tonight!! Hahahah!

Based on this thread and a hunch I got 6,250 shares at .80. Closed today at 2.97 so you have made me about 13k profit (on paper since I'm still fully invested in it).
I may take a bit off the table just to properly reposition, but this stock is nuts.
In short, thank you.

Sure man glad you made some dough.

Nice brag.

I thought about upping my shares around the same price point but just didn't have a big enough roll to follow through.

Do you mind if I ask what % of your investment roll that 5K represented.

When I chunked 500 off it was about 5% of my brokerage account.

Another thing about this stock that is sort of a paradox that I wanted to add. The higher the common stock price goes the more valuable I believe the shares become. The increasing stock price at a certain point is acting as a double hedge against negative action by Congress or Treasury because it makes their 79.9 percent convertible option more clear in its capability to "pay off" the balance of what Fannie Mae owes in the present tense.

The more it goes up the more it seems they would want to or would have justification for excercising the option because the market has given an indication that the increase in the share price will be successful if they decide to convert.

Also though the increasing share price makes it easier for them to let the company out of conservatorship WITHOUT exercising the option. That 59 billion dollar payment in the current budget environment is a pretty big deal. They could end the conservatorship and still keep a credit line open with Treasury just in case something unlikely happens.

So they might say OK the conservatorship is over and you owe us 40 billion more and we will keep an open credit line of say 60 billion just in case something major happens.
The company can then make a decision to end the credit line after they have paid back the 40 billion they owe.

Sorry, I bought before reading his thread.

Are you back in?