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Profile: WorkingInvestor
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User Name: WorkingInvestor
Groups: Member, TeleChart
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Joined: Saturday, November 29, 2008
Last Visit: Sunday, November 30, 2008 7:15:10 PM
Number of Posts: 1
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Last 10 Posts
Topic: FNM
Posted: Saturday, November 29, 2008 4:07:53 PM
I had the fun of buying 23400 shares at .97 early in the day while I was waiting/hoping for GGP to announce some resolution to their debt that was due Friday.  The chart remained flat and was meeting resistance between .97-.98 so I sold out at .975.  Only to get a news alert that mentioned FNM and checked to my dismay it was running up fast...  Oh, well.  I stll made over 3k Friday morning, but that would have been another 10k day had I held it a little longer...  I am looking for a pullback in solars and drybulk shipping, mainly SOLR and OCNF as I have made around 70% on both in the past week...

Next week I'm hoping for the pullback with all the selling-into-strenght the last four sessions.

Happy Trading...