FNMA Epic Run Update

1/5/2014 update
Wrote about FNMA first here :
http://peterpanstocks.blogspot.com/2013/10/fnma-3rd-epic-run-coming-10.html
Since then FNMA has risen over 100%+  and i believe there is more to go.  pretty good return on your $$ wouldnt you say?

Also a billionaire hedge fund manager Bill ackman invested 10% in FNMA and FMCC
maybe my blog post sparked his interest ;)    ( you never know )

Currently the stock is small ranges consolidation  and im looking for the first reversal green bar volume day
would like to see a 20mill+ vol day.
I do believe this will be a jan play runner also the chart is beauty  makes a move consolidates which is really bullish setting up nice support areas for this stock

stock runs  pulls back digests and runs again  next run when it breaks 3.50 i think its gonna see 4.50-5  then some more consolidation before next leg

I will look to get in when i see a sign of reversal with volume

First picture daily chart 2nd weekly chart

I still believe this can see 10-15 when it gets running again

Check out $AAMRQ  everyone thought this was done for this bankrupt stock went from .40 to 7 then crashed to $2 then rips to 13 over the next 3 months  insane-  this was all news based and merger business but still  people think its over then bam starts creeping higher

Suretrader for daytrading? is it still worth it?

I have been with suretrader for 2 years.  I am grateful for the fact that i could daytrade with very little capital and grateful for the short list they had.


Just recently past 3-6 months they have changed dramatically and i hate it.  They  no longer offer free ECN routes.

Before there used to be no ECN fees on OTC stocks.
NOW  they charge .001 per share.  Ex:  10,000 shares buy u get charged $10 + 10 to sell

BEFORE they had free routes for NYSE /nasdaqs + they had options to choose certain routes
The cheapest route i found was POSTL   10,000 shares for $3 +3 to sell

Now its highway robbery.10,000 shares   for $30 + 30 to sell  ECN fees + $5 x2 commission  fees

When i asked them about ECN rebates i got this reply
"No we do not have any ECN Rebates and ECN fees are no longer free according to management." 


I can no long trade the way i am used to trading which sucks. 


Now lets talk about the short sale restriction they added.  
Before there was no 2.50 rule  now they have it which SUCKS!!!

so you have 50,000 account u can short 20,000 shares of stocks priced below 2.50 
before u could short the cash value  Example:  .25 stock u could short 200,000 shares if they had that many shares avail 



I could still trade with them and even not mind the HUGEEEE ECN fees if i were making big $$$  at least 1,000 -5000 per trade  but the way i scalp it is no longer profitable for me to be with them  they just steal all my profits.  

They still have a good short list compared to most brokers but the fees they just fucked themselves over.  im a very active trader and it saddens me they had to stoop to this level increase ECN fees and remove the free routes. 



They are still a good broker for daytrading if you got little capital.  but for me i dont like these changes. 
I am still with them and i probably will not close my account.  i will look for a different broker to be my "MAIN" broker and ill have little capital here and build a small account again for fun

This is the previous blog post when i first wrote about suretrader : 
http://peterpanstocks.blogspot.com/2013/02/suretrader-for-daytrading.html

If you got any questions ask here or ask me on my twitter 

USAT will it triple in 2014? Jan Play

Jan 5 2014

(NASDAQ: USAT)  -  USA Technologies, Inc.

1/3/14 close  $1.85  61.87M market cap    

33 mill shares 

beta: 2.65

Description

USA Technologies, Inc. is a provider of technology-enabled solutions that facilitate electronic payment transactions and value-added services primarily within the unattended Point of Sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry. The Company has designed and marketed systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services, which include the ability to remotely monitor, control, and report on the results of distributed assets containing its electronic payment solutions. The Company also manufactures and sells energy management products that reduce the electrical power consumption of equipment, such as refrigerated vending machines and glass front coolers. As of June 30, 2012, the Company had approximately 164,000 connections to its ePort Connect service.

(info from google finance ^^)

My price target :  Longer term $10+

Short term : 2.50-3+

Pretty interesting company from what i read above. Now lets go to the technicals and why i believe this will be a great jan play + 2014 big mover.   

The biggest move it has made was in 2011 also on the largest volume  went from 1.08 to a high of 3.74 a little over 250% move in the first 4-5 months after that it sold off rest of the year right back to where the first move started and bounce again and since then the past 2 years hasnt really done much and volume has been light    WEEKLY 4 year chart 

Just a guess here that the run in 2011 may have been a "story" run.   the past 2 years we havent had a 2 million+ vol green day.  we didnt even have a few back to back 1+ mill vol days  

if we can see 1 of those happen this year could be the start of a major trend shift  to 5+.  

We have earnings coming up on Jan 27 2014 (maybe 28) so this could be a spark to a big move that is brewing this year.

Currently the daily chart is pending breakout over 1.90 its game time. 

Resistance points after that $2  then 2.20 and if volume its high enough its headed 2.50+   52week high of 2.75 could get crossed easily if volume im looking for comes in 

Weekly chart tighter range 

Something will spark a move in this whether it be this company is undervalued or going to do something huge to get investors interest like $HIMX did in 2013 stock and volume exploded 500% cause company announced GOOGLE glass news 

Take a look at chart 

Disclaimer:  I long shares of USAT and will trade in and out of it as i please.