Fannie Mae Preferred S (FNMAS)

[betahighlander]

pfds been getting hammered since Berkowitz decided to liquidate one of his funds. Sooooo me thinks there are a lot of shares that have to change hands. Too much supply. the mm s are trying to do a soft landing by not dumping all on the mkt at same time.
So the pain will last until the shares have been disbursed to stronger and longer hands.