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Friday, September 11, 2020 4:51:04 PM
Sadly, FNMA has a lot further to fall if it's going to price in a $100B Capital Raise via Common Shares.
Then you factor in another $33B via the JPS Conversions.
Now you can see why Commons will continue to struggle for months, maybe even years to come.
Lower priced Commons is better for everyone. Well, everyone except existing Common holders.
For now, Sell the Pops because FNMA Will Keep Dropping
![frown](/images/emoticon05.gif)
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