All JPS sold? And what if, in the second Fairholmes trial, the jury finds in favor of the shareholders? In that case, the JPS would be paid an average of about $2 in damages. I.e. anyone who buys JPS now below $2 (like FNMAT or FMCKJ) would practically get them for free, assuming the jury rules in the shareholders' favor. For me, this is a reason to hold the JPS.
I've sold off my JPS position to practically nothing. I don't expect any movement for years to come.