Fannie Mae Preferred S (FNMAS)

[NobodyFromNowhere]

SHLD is belly up, taking down FAIRX and FNMAS

same store sales down 7% in the 2nd quarter. Thats the worst performing retailer in the world

hope you can get out before Bruce starts dumping

Remember that mutual fund investors will be giving FAIRX redemptions over the coming weeks and at that point Bruce will be selling. Your best bet is to front run him and get out now.

If FNMAS gets down below $1, I may be a buyer as a highly speculative play. Under no circumstance will I put more than 2% of my portfolio on it.