Fannie Mae-No Politics (FNMA)

[kthomp19]

I sold about 20% of my preferred holdings for almost double what I had originally paid.

Can't blame you for taking a profit.

I’m hoping I’ll be back into those shares since they were fnma prefs and I’d like to collect damages, but I don’t know if this rally is sustainable without pertinent news other than opinion pieces. I’m also trying to decide if I rebuy the $25s I sold or if I go $50 which would be cheaper relatively

The Fannie juniors are well ahead of the juniors, even farther than they should be given the pre-judgment interest Lamberth granted.

If I had to recommend one junior pref series to buy right now it would be FMCKJ.