Fannie Mae Preferred S (FNMAS)

[big-yank]

That was in March of 2015. Yes, at that time they were coupled. I have stated several times that they only recently began to move in divergent, independent, unlinked patterns.

Fannie and Freddie still do belong in the same boat. I'm not sure if that will continue, or not. A break out of Freddie would be a clear "buy" signal for their common and a clear "sell" signal for Fannie Mae common.

These kinds of parlays are far safer trades than shorting any stock that trades at so low a market price. I think MM's are rotating focus between the two twins to create an illusion of market activity that really does not exist, any longer. A positive legal outcome is all that will really move the needle for common shares. However,any ruling can move preferred shares... either up due to dividends being restored, or up due to liquidation preference as January, 2018 draws near.