Freddie Mac-No Politics (FMCC): Agree with that. JPS must be getting wo...

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Louie_Louie

Re: nagoya1 post# 44956

Friday, 03/08/2024 5:17:40 PM

Friday, March 08, 2024 5:17:40 PM

Agree with that. JPS must be getting worried. The more that capital goes up,... You know the drill. I have 10k FNMAS and my itch to sell is incredible. Bought at $1.60 because it was just a pure under value play for me. Now it's up by like 180%. Wondering if I should hold though because it's just 4.45 and if Trump starts pressing the GSE issue along with all the other administrative state issues, I think JPS could very possibly get to 1/2 of par. So FNMAS is a $25 par, and if half is $12-$13, then I'm only approx 1/3rd there at 4.45. There was also the class suit which specified pay out for the Fannie prefs, which was another reason I bought. Did not think they'd be up this much this soon, so I'm wondering now.
I own way more FMCC and FNMA shares

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