Fannie Mae Pfd. Series 2004-1 (FNMFO)

[RickNagra]

Wow $45,500 is very impressive. Clearly institutional investors and mutual funds and insurance companies are slapping the ASK. One should always slap the ASK generally speaking of course. Par value is $105,000 so we are almost half way there. A few months ago price was $20,000. So go ahead if you’re in a good mood then slap away. Slap it hard the ASK. Pretty soon I can see $60,000. That’s a whole lotta slapping. Beet red. With a positive En Banc ruling $75,000. More slapping. Slap away. The Count on Sesame Street would often say “I love to count” but with FNMFO The Count would say “I love to slap” {insert laughter and lightning}.