Buy the Dip in Fannie Mae (FNM) for Quick Rebound

about 1 month ago

"Fannie Mae was down 13% and below $10. I got in at $8.53 using the four-hour algorithm and now it0 is up, trading at $15.81 after hours."

The host reveals a trade idea for Fannie Mae, noting that the stock dropped 13% to below $10. His algorithm entry at $8.53 resulted in nearly doubling the position to $15.81, suggesting that buying on the dip can lead to substantial gains.