Fannie Mae (FNMA)

[Guido2]

Louie - If you are going to hold out for dividends or for short time trading, the higher coupon par $25 preferred would be preferrable. At this point, I don't think the dividends will be restored. When it's time to pay dividends, these higher coupon $25 will be redeemed and replaced by lower coupon preferred. I would buy the cheapest preferred compared to their par. On Friday there were some $50 preferred that closed at 16% of par. But these are generally thinly traded.

I got my single FNMFO at $12,000. I had good till cancelled orders at various times for $8K, $9K, etc for a very long time till the $12K filled. Somebody by mistake sold a share for $1K a couple year back.

FNMAS is heavily traded. FNMAM isn't. If you need a quick exit from FNMAM you might be forced to sell at a discount.

https://finance.yahoo.com/quotes/fmcc,fnma,fmckj,fmcki,fmccm,fmcck,fmcct,fmcci,fmckk,fmccg,fmcch,fmccl,fmccn,fmcco,fmccp,fmccj,fregp,fmckp,fmccs,fmcko,fmckm,fmckn,fmckl,fnmap,fnmao,fnmfo,fnmam,fnmag,fnman,fnmal,fnmak,fnmah,fnmai,fnmaj,fnmas,fnmat,fnmfm,fnmfn/view/v1

I don't know how many big investors read Tim Howard. If big holders do, I expect some preferred sell off tomorrow.