Fannie Mae-No Politics (FNMA)

[eltatriton]

This is definitely not people selling preferred to switch to commons, otherwise you'd think common volume would be much higher. This is probably people just a combination of people selling for tax purposes, extra cash for the upcoming holidays, and people getting spooked that we've dropped essentially from $3.30 approximately a month ago to where we are now and getting fed up. You should only be buying this stock with casino money, not retirement or savings money, so I can see why we'd see selling at this time of the year.

Another possibility is that there is something that's brewing that's not good that retail doesn't know about yet. IIRC, before the Lamberth news in February we had a few days of heavy selling before the news broke. If someone has time, you can go back and check to verify if that's true.

I'm in this until the end regardless so days like this don't really scare me - but they do annoy me.

On a side note, why are people against the Moelis plan on this board? I think it'd be great if the administration just settles with that plan. Commons would be priced at $8-13, and that's at least 3x at current levels. Everyone at this point are tired of all the waiting and would probably just settle. It's not like we'd rocket to $30 in just one day if there was a more favorable plan. Most people would probably sell at $10-15 anyways instead of holding out or just keeping F&F as part of their portfolio. If given the opportunity, I'd take $8 right now.