Fannie Mae-No Politics (FNMA)

[Donotunderstand]

back 100% to GSEs that Mnuchin and DJT have not yet corrected

seems the opening is flat to leaning down a few pennies

getting to be a sad boring story

While IMO facts and reality say the stock is worth 10-20 with a "resting place of $4-$5

(but as noted a week or so ago - I think preferred will have the good days until they hit a little over 1/3 of PAR and then the "leverage and opportunity" IMO shifts entirely to common until a price like $4.50)

GLTA longs
note - I do have a 20-25 % position in preferreds but look to thin that out with another 5-6% kick in some stocks like S and I