Now That They’re Dead, 5 Things You Coulda Done With Fannie Mae (FNM) & Freddie Mac (FRE)
Posted by Timothy Sykes on Sat 6th of Sep, 2008 03:46:02 PM
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Now that it looks like these monstrosities are being put to death by the government (see article HERE), it’s fun to write in hindsight…here were your options:
1. Been ballsy and shorted both after the perfect technical breakdowns they exhibited back when they were both trading in the teens, which I wrote about exactly 2 months ago–see original post HERE
2. Been a little less ballsy and waited a few more days for when they were confirmed breakdowns, meaning they had tried to rebound and failed, which I wrote about HERE just 4 days after the original post when they were down 20%+ish.
3. Traded like a professional trader–whatever the f$%ck that means considering 90% of traders lose $–and scalped in and out during their bigtime volatile/liquid days–scalping or swing trading for a few cents/$/share here and there, whenever there were new intraday/multi-day highs/lows being made. Very tough, definitely not for beginners.
4. Mocked the joke of an industry that is financial lending–f$%cken irresponsible finance freaks with too much $/power…every few years/decades, people think they’ve found new ways of making boatloads of cash, it usually ends in ruin. If you haven’t already, shame on you, read THIS damn book already!
5. Taken the rules outline in my PennyStocking Instructional DVD and ignored this whole mess cuz trying to figure it out makes your head hurt and chances are you’re not smart/lucky/experienced enough to be on the right side of this trade when it all comes crashing down (this weekend). Why people look down on buying and shorting pump and dumps I’ll never know–they’re so much easier to figure out!
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 6 | QXM | $4.31 | $4.80 | $1936 |
| Nov 4 | COT | $8.66 | $8.88 | $642 |
| Nov 4 | QXM | $4.61 | $4.89 | $822 |
| Oct 30 | DDRX | $25.70 | $26.53 | $812 |
| Oct 29 | CTDC | $4.00 | $4.42 | $781 |
| Oct 26 | AWSL | $3.24 | $4.10 | $2516 |
| Oct 23 | RODM | $5.27 | $5.23 | $301 |
| Oct 22 | AMLM | $2.69 | $2.97 | $820 |
| Oct 22 | USEG | $6.12 | $6.09 | $85 |
| Oct 20 | CBOU | $8.93 | $9.06 | $243 |
| Oct 16 | VRMLQ | $16.79 | $18.65 | $2773 |
| Oct 13 | YONG | $11.05 | $11.66 | $1202 |
| Oct 13 | NPHC | $0.59 | $0.71 | $583 |
| Oct 12 | IMGG | $0.60 | $0.70 | $682 |
| Oct 9 | ZAGG | $5.50 | $6.10 | $2380 |
| Oct 7 | GVBP | $0.03 | $0.27 | $702 |
| Oct 1 | NPHC | $0.70 | $0.85 | $1482 |
Total: $92,304 (644%)
