Off to a slow start here. lol

5.15. Jesus.

And just like that back down to $3.5.

I pity those who bought there

Like a rock!!!

uh oh

$2.30. At what point do we consider buying the dip?

Guess the bear indexes finally scared people off.

Why? If you're stupid enough to play with fire and lose half your money in an hour, you get a financial Darwin Award and will have to grind it out again at Maccas to save for your next penny stock.

Were you guys greedy and did hold on at around 5? Hopefully not.

Off course. squeezed myself at 2.42. Shorts starting covering at 2.who knows where it ends up at close.

I'm a rookie. I'm a rookie. I'm a rookie. I'm a rookie. I'm a rookie. I'm a rookie.

If this was anything it was a good lesson!

I'm shutting this thing off and playing going to play 18!!!

Good run for sure. Wish I held on longer but making 7x my initial investment is great to me. Props to you guys who got out in the upper $4s

I def wouldn`t be happy with a 700% ROI, I mean come on everything under 1k is bull****. jk gratz

freefalling again now at 2.65. My palms are getting itchy. Good time to pick this up?

This thing is just nuts.

Bad timing. What you want to do is buy it 3 months ago.

I hope it goes lower so I can buy more. Only 16 more big bank settlements to go!

amusing:

http://www.zerohedge.com/news/2013-0...ism-fannie-mae

Another wild ride today or has it leveled out?

I was able to buy some more lower.

Pure panic out there it's beautiful. I hope the ****ing thing goes to zero because then I can own the whole company for nothing. I would have to change the name to EZ Monies Loans and Company Inc LLC Limited Partnership Corporation

great value in fnma right now

bouncing back up

Bond Markets Rallying After Auction

MBS and Treasuries took a few deep breaths after the 5yr auction came in broadly in line with previous averages and then began to rally. 10's broke a resistance floor that had been giving them some trouble earlier this morning (and even right up until the auction) and it looks like we're off to the races since then.

That was about 3 minutes ago and MBS are up another 5 ticks and change with Fannie 3.0s up 15 on the day at 100-24 and Fannie 3.5s up 9 ticks at 103-25. Positive reprices are more likely at these levels if we hold them. 10's are down nearly 4 bps on the day at 2.13. from this site: http://www.mortgagenewsdaily.com/mbs/?Product=FNMA30


Those numbers don't even matter anyway but if they matter to you then this information might be helpful.

This matters a lot though and the news is awesome. Home prices up in 20 major cities.

http://www.usatoday.com/story/money/...itory/2366953/