Fannie Mae Preferred S (FNMAS)

[Joe Stocks]

Higher volume on the 100K FNMFO pref. 1215 shares traded today

Interesting. Highest volume since 12/30/10 from what I can see. Total issue of 25,000 shares. The next highest day was 1765 shares on 09/30/08. Only 420 shares traded on 9/08/08. If I am calculating this right today's dollar amount is about $2.1 mil. Pretty big bucks and not some average Joe. Hmmm..1.8 cents on the dollar. FNMAS would be priced at .45 at 1.8 cents on the dollar. The buyer could just be in for a trade. He could double his money with a meager 3.6 cents on the dollar. Problem is moving 1215 shares of this one when it trades sooo thinly.