Fannie Mae-No Politics (FNMA)

[RickNagra]

Do not buy preferreds. The chances of a receivership here is zero now. Getting a better deal with the conversion process is just wasting time and a crap shoot at best. If you are seriously having second thoughts and need to hedge then really you should just sell all your commons and save your money. You have been here just as long as I have resided here. That's a long time. You know this stock and what's going on better than anyone here. Don't be a fool. Forget the preferreds. Honestly if you have $100K-$200K kicking around personally I would buy more commons. Time is not on your side though. We are next up for en banc ruling. I trust you have listened to the audio multiple times. A positive ruling all but assures a $5 print. Just the act of short covering prints $5. It gives Calabria and Mnuchin the political cover to end the net worth sweep.

I am looking to hedge my commons with some preferred shares.
I would like your opinions on which pfds have the best risk/return currently. Im aware it changes daily.
Yes I know commons has more upside. I have a pile of them.
Just looking to level the field in case I am let down yet again.
Thanks in advance.
Looking to buy around 100-200k worth.