Feedback | Help

mpc220 > Trade Notes

User Avatar
Brokerage Account
5 Day -5.25%
15 Day -6.85%
1 Month 44.06%
3 Month 360.23%
6 Month 235.48%
As of: 11/21/08

Member since: Dec 07

Groups
mpc220: Trade Notes

View All mpc220's Trade Notes | View All Trade Notes

Trade

Sold Short 50 shares of FNM at 22.83

posted 03/13/08 12:05 PM (Note posted about 3 hours after the trade) | Viewed 188 times
Trades | Notes | Blogs
Users Bought (30 Days) 21 (100%)
Users Sold (30 Days) 0 (0%)
Market Cap Loading...
52-Week High Loading...
52-Week Low Loading...
10 Day Volume Loading...
PE Loading...
EPS (Trailing 12 Mos.) Loading...
1Day 5Day 1Mo 3Mo 6Mo 1Yr

Transaction: Sold Short
Symbol: FNM
Quantity: 50 shares
Price: $22.83
Value: $1,141.00
Stop Order: Yes @ $25.00
Target Price: $18.00

Once more into the breach!  Fannie is still dog meat, but I'm very hesitant about this rally. 

 

Will possibly add more to this position at market close.

Add to del.icio.us Digg on Digg.com Submit to reddit.com
Bookmark It!

2 Comments
Tag It
1 user tagged it: FNM, stock, short
Comments Subscribe to this conversation
User Avatar
User Avatar Brokerage Account

snowman

Member since: Mar 07
5 Day 14.92%
15 Day 21.66%
1 Month -16.92%
3 Month 646.79%
6 Month 231.32%
As of: 11/21/08
Trades 534
Trade Notes 172
Blog Posts 95
Construction Union
Age: 40's
Pittsford , NY UNITED STATES
snowman
Posted March 13, 2008 (01:56PM)
I am looking for a nice pop after the rate cut. Like you say, I do not expect the rally to last much beyond next Wed. Good luck.
Reply | Report
User Avatar
User Avatar Brokerage Account

mpc220

Member since: Dec 07
5 Day -5.25%
15 Day -6.85%
1 Month 44.06%
3 Month 360.23%
6 Month 235.48%
As of: 11/21/08
Trades 197
Trade Notes 42
Blog Posts 5
mpc220
Posted March 13, 2008 (07:40PM)

I'm starting to think we won't see a rally, regardless of how much the Fed cuts.  I'll try to make a blog post (I'm still kind of new to this) about it over the weekend maybe.

Thanks for the good luck wishes, and same to you! 

Reply | Report
The above content is provided for educational and informational purposes only, does not constitute a recommendation to enter in any of the securities transactions or to engage in any of the investment strategies presented in such content, and does not represent the opinions of TradeKing or its employees. TradeKing provides self-directed investors with discount brokerage services, and does not make recommendations or offer investment advice. You alone are responsible for evaluating the merits and risks associated with the use of our systems, services or products. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Your use of the TradeKing Community is conditioned to your acceptance of all TradeKing Disclosures and of the TradeKing Community Terms of Service. 2007 TradeKing.
The content and stock or option symbols on this page are for educational and informational purposes only and should not be considered a recommendation or solicitation to invest in a particular security or type of security. Your use of the TradeKing Community is conditioned to your acceptance of all TradeKing Disclosures and of the TradeKing Community Terms of Service. © 2008 TradeKing.
Testimonials may not be representative of the experience of other clients and are not indicative of future performance or success.