*watchlist charts*

[kmx_swing]

FNMA - just considering. Made one small trade with gain $1,700
Bill Ackman's Pershing Square Portfolio - Q2 2018 Update
115.57M shares of FNMA at a cost-basis of $2.29 and 63.5M shares of FMCC at a cost-basis of $2.14. The combined investment outlay was ~$400M. FNMA & FMCC currently trade at $1.55 and $1.56 per share respectively. In March, Pershing Square said their Fannie/Freddie pfds now amounts to 21% of its total investment in the two GSEs. They said it is a hedge in case the resolution favors pfds more than the common.

So it seems commons still are considered as the shares with value also by Ackman.
And I agree with that. What is then the difference between conservatorship and receivership?
Why the stock is still possible to trade?
Conservatorship is by law not permanent but preliminary.
It will be 10 years ..There is definitely something boiling now.

drain the swamp