Fannie Mae-No Politics (FNMA)

[Lajrchamp]

I'm almost embarrassed to say, but I actually bought some FNMA this week.

The Irrational Exuberance is always higher in Commons than Jr. Preferreds (the smart money). Might as well take advantage of the Lemmings!

My only intention is to Sell the Pop because FNMA Always Drops.

But I'm hoping the irrational exuberance will allow me to sell at $3.20 later this month or early next.

The 5th Circuit En Banc decision brought commons to $4.25, and during oral argument alone before SCOTUS last December, commons hit $3.25, so I suspect a favorable Supreme Court ruling would take the shares a tad higher. I'll gladly buy your shares @ $3.20 after a SCOTUS win.