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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (126654)10/1/2001 6:07:00 PM
From: John Graybill  Read Replies (1) of 436258
 
"Hey gang, let's start a cartel to short FNM. We can use the barn out back, and my mom can make us costumes out of the old curtains..."

It had MASSIVE volume on 9/18, which was a near-term bottom, so in hindsight it looks like that massive volume was buying (by the PPT). So it ain't falling apart on its own for a while (as we would expect -- the real estate bubble must be maintained to the very end).

But as was written earlier, once it cracks, it's straight to 50.

Ok! Action plan: I'm in for a hundred shares; if everybody reading the thread can short just one hundred shares all at once...

...we'd all add up to one of the fifty or sixty big-block buys that FNM sees every single day.
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