Fannie Mae-No Politics (FNMA)

[Potty]

Alt, I agree about the positive signs on adminstrative action. But two points color what I think comes next over summer for SP.

First, I look back to the history of this stock. It rips on news, then decays on no news. Maybe we run up this week, then I think we come down until more news.

Second, large preferred holders can short the common in expectation of a conversion and this helps supress the common price which helps the conversion ration. On its own, a long pref, short common strategy may have appeal. That will potentially put pressure on common right up to the point of the Big Bang.

But the Animal Spirits are strong right now in the market, I expect a big green week so maybe FnF common rides too, what do I know lol