Fannie Mae Preferred S (FNMAS)

[big-yank]

There's insufficient FNMAS volume to say with any clarity that some sort of relative relationship has solidified. I have watched several days, lately, where FNMAS made startling up or down S/P. moves at the end of the trading session, so it's anybody's guess. It has already cycled back down from its 15 cent rise, earlier in the session, so let's see if any of it holds in today's wild market.

The volume on FNMA speaks more of a conviction sentiment being bearish. Could it be Ackman selling? Maybe, but I'd just be guessing.

Good luck. This is one heck of a strange trading day. I am sitting on about 45% cash and considering upping that total until some more definitive direction can be determined. It took me four years to dig out after 2008. Don't need to do that again!