Anyone Buying Back Fannie Mae Yet???!

[counter_violent]

Ok, I've no argument about what you say except that you were considering buying FM. I am a seller of shares right now, too, but I am more cautious than you. After a fall of FM's size, I'd be more likely to take profits, if I had it, which I don't. But I don't think I'd buy into a falling knife.

Good trading

Split

Stabbing is the latest craze amongst the very young....Spanish is simply reflecting this in his gambling activities..

All or nothing...do or die.

We all know the outcome.

 

[Hoggums]

Spanish don't do it.

Generally shares are only tradable on Sbs during market hours which means unless you have a guaranteed stop you could suffer badly in a huge gap from market close - to open.

 

[spanish89]

Spanish don't do it.

Generally shares are only tradable on Sbs during market hours which means unless you have a guaranteed stop you could suffer badly in a huge gap from market close - to open.

Thanks mate but dw im not intending on actually doing it yet..., i was just curious to see if anyone else was doing it?

Many people on here may think im a gambler, and everyone is entitld to their own views and opinions, but i have to let you know that this my actually life career, and so im not intending on trying to make a lving out of gambling fulltime.


I didnt even know Fannie Me existed till a few days ago, so i wont be putting my entire life savings into it dw.



I am going to start selling the top 3 performing UK stocks each day though, with a big untouchable stoploss as they arent likely to become the next Google, and just holding them for a day/few days till they fall back down to nearer their average mean value, and then i will cash-in.

Im going to test this out with my virtual account for a week or 2 though so i can wokrout how big a stoploss i will need to use, and how much money this will actually make me in profit on average,

 

[rawrschach]

So you're going to sell stock of good companies?

 

[counter_violent]

So you're going to sell stock of good companies?

and buy stock of bum companies ?

It's all just beyond words.

 

[Masquerade]

If you've really got to do something like that Spanish - you may as well just bottom pick and buy really cheap companies. At least that way your liability is limited. If you're shorting there's nothing stopping the price doubling or more. Of course I don't recommend doing either unless you have an understanding of the company and the reasons for the movements.

 

[spanish89]

and buy stock of bum companies ?

It's all just beyond words.

Nah not going to buy up all the crap companies becuase they can continue to do crap for weeks or even months..,
so its more risky tht my capital would get tied up for longer, and the contract expiry date could even hit before it goes into profit for me.

 

[spanish89]

So you're going to sell stock of good companies?

Like i said im going to test it out on virtual account 1st to see how it works out in reality.

I know when you read it it may look very silly and foolish thing to do, but i specialise in trading off pullbacks, normally on oil but a few ftses too.


I admit i have a very low level understanding about how equities work and thats why im going to be testing it out on virtual 1t before using any real money on it.



The way i view the markets i trade is that they all have the mean average value, this may change on a weekly on monthly basis, but for that week they do have their average value.

And so if you wakeup in the morning and see that sainsburies is the highest performing stock in % rise for that day what would be the point in then saying ''Ah il think il buy this now and just hope that it continues to rise and flourish and rises even more again ove rthe next few days instead of pullingback to its average!'' :?:

Because by then its too late, you will have already missed the rise for the day.


Whereas if you wakeup and see sainsburies has peaked today and so is the highest % increase stock in my view it would make more sense to look and a few different timescale charts for it to see if its near and S&R levels, see what the recent trend is and if its at a very high peak or still just at midway, look into the supermarket and retail industry to see whats been happening there over te last few days/weeks, and then if it looks like its just peaked up for the day and is having a good day to sell it with a decent size stoploss that wont be interefered with, and then leave it for a day/few days for it to pullback of that peak and back to nearer its average value.



Like i said though ive nrever traded or looked at equities yet, they may be completely different to oil, and so when itd be stupid to buy oil when its jumped $5s for the day already, instead of selling to cash-in on the pullback, equities may be completely different more like fxs and just have continuous trends that last for weeks to months, instead of being ranging markets.


But i guess il find out over the next few weeks with my virtual account..

 

[Mr.J-Arthur]

with real money, why buy weakness? Just because it's discount don't make it a smart investment.
Infact I don't even touch stocks anymore. Financials, banks, lenders, mort. lenders, home builders retail, shipping(except RR), trucking, tech and many many other sectors are being PULLED down.

I'll just trade the commods which are experiencing a nice bull run. I'll take 1% or more a day in cap. gains

Fannie is falling flat on their fannies! bye bye banks. bye bye stocks. DOW 11,000 and lower here we come!

 

[gooseman]

wow. you're going to be the opposite of every market maker trading single stocks. this blow-up is going to be a biggie.....

 

[spanish89]

wow. you're going to be the opposite of every market maker trading single stocks. this blow-up is going to be a biggie.....

I havent comitted myself to a legally binding contract saying im going to invest my life saving in selling every good performing compnay out there each day!!


i was merely commenting that im going to test that stratergy out with my virtual account and see how it goes.

I may see that every single trade i make when i sell the top performing stocks each day ends in a giant loss...,
And so ten i will look at doing the exact opposite and stat buying the top erforming 1s each day and see how that goes.. :cheesy::cheesy:


I dont know why whenever i express a view or make a comment this is now like some sort or battle against me..

 

[gooseman]

it's called advice spanish. no MM'er wants to go home with open positions short gamma. there's a tip for you.

 

[shadowninja]

Ok, guys, he said he's demo trading it so let him see for himself!

PS Spanish, not pullback, reversal.

 

[Hoggums]

Anybody remember Professor Piehead from Viz?

 

[nickoftime]

I think these 2 are too important for the US to let fail, reprecursions for the currency & econcomy over there as a whole.

The Gov has pointed to buying equity if need be. Morgan & one other reasserted sell this morning, however FT live guys mentioned Frediie was up 220 points on pre market price at 9.something. Where they gopt that from I dont know.

BTW I was long on Froday on FRE and kept it open over the w/e. Fingers crossed on this one..Made sure I was within a decent position even if FRE hits new lows...

 

[Crap Buddist]

I think they should of let the fail.... goes against the spirit of capitalism to give hand outs to save these investments... hmm unless ol paulson will offer this support to the 100's of thousands of small business owners in the US and not just his rich wall street buddies ......?

Capitalism's almost gone bubble, its beginning to show its bluff.....

who next for a tax payers handout ?

this kind of thing wont prop up the economy will it ? desperation tactics.....

 

[PitBull]

Spanish

Gotta be a quick as US near open. What you mean, is that you are selling Euphoria and buying capitulation, this is something myself and other US momentum traders do, it's dead risky but also very rewarding. Look at the candles on a chart when this happens. There are some dead giveaway signs.

Good luck

 

[Mr. Charts]

That's the problem, Lee - he NEEDS luck...........
Richard

 

[PitBull]

Yes Richard, bags of it.

 

[rathcoole_exile]

Spanish

Gotta be a quick as US near open. What you mean, is that you are selling Euphoria and buying capitulation, this is something myself and other US momentum traders do, it's dead risky but also very rewarding. Look at the candles on a chart when this happens. There are some dead giveaway signs.

Good luck

i buy euphoria and sell capitulation, surely THAT'S Momentum trading ? what you described is trading Reversals, picking tops, bottoms etc ? No ?