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Posts: 5

Fire_Control

Rookie

Joined: Oct, 2009

Posts: 922

Posted: Dec. 13, 2014 - 8:06 PM ET #1

Now that they seem to be back in business, does anyone think it is worth a small play with a 5 year time frame?

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CAPT-DOUCHE

Banned

Joined: Oct, 2014

Posts: 5903

Posted: Dec. 15, 2014 - 4:28 PM ET #2

I have 50 K on this crap since 1.77, it��s giving me a stroke watching it.

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CAPT-DOUCHE

Banned

Joined: Oct, 2014

Posts: 5903

Posted: Feb. 19, 2015 - 12:27 AM ET #3

Nice run we had, i hope it��s not fake.

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Pipe-Light

Veteran

Joined: Sep, 2009

Posts: 2587

Posted: Feb. 23, 2015 - 2:38 PM ET #4

You r really roling the dice as the FED doesn't want to free it up. That means that republicans like controlling it and pushing that money towards their banks.

Doubt it will ever be a seperate entity and pubs controll the courts, no matter how much they pay back, or even pay huge interest payments, the feds have it closed off...

Very risky...

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slamspurs

Captain

Joined: Dec, 2004

Posts: 5490

Posted: Feb. 25, 2015 - 9:46 PM ET #5

Quote Originally Posted by Pipe-Light:

You r really roling the dice as the FED doesn't want to free it up. That means that republicans like controlling it and pushing that money towards their banks.

Doubt it will ever be a seperate entity and pubs controll the courts, no matter how much they pay back, or even pay huge interest payments, the feds have it closed off...

Very risky...

High risk, high reward. I was watching it at 25 cents, but it was flatlining for months. I would have considered jumping in at 22 cents, but then it triples to 75 cents in a short timeframe.

It looks like it's done this cycle 3 times now. It's made a huge run from $1 to $5, hit a wall, then, bled money quickly back to the 1s, then went back to 5.

I had all my money tied up, but I wanted to get back in at 1.50. I'm still holding 1000 shares of FMCC that I bought at 72 cents from years ago.

It drops quickly after a legislation scare, but slowly but surely always goes back up. As long as they never do pass legislation you're safe.

If it completes another cycle and gets back to the 4-5 area you should sell.

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