Since our last post, Fannie Mae (Stock Symbol: FNM) sat at 82 cents and then close during the latter part of the week at 1.94. As we had said, easy gains could be made here and Quazimoto isn’t about to let us forget. A 136% gain is nothing to sneeze at. Additionally, if your were on your toes, a potential 200%+ gain was attainable mid day on Thursday. FNM did retrace slightly but we do still believe that this one has more upside potential.
Some of the best intra-day trading in recent history has come and gone and seems to be coming again. With a turbulent market comes opportunity for profit on the long and short side.