Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Bid stack looks thin. Expect a take down soon if the AJ's don't step up and Slap the Ask.

With Michael Bright and Mark Calabria as the front-runners for the FHFA Director role, things have never looked more bleak for the Commons' outlook. Hence the price.

It's no surprise Ackman hedged with Preferreds. I wonder at what point he taps out of Commons and Rotates entirely to Preferreds. He's down significantly already, at least 30%. Does he ride this down like he did with Valeant (VRX) or does he cut his losses before they magnify?


#PreferredsForAJP