Fannie Mae Preferred S (FNMAS)

[taintedfud]

What is the rationale for demand for these shares that ends up with price increases? the stock is now up to close to 3% of face, and 3% of prior historic values. there is probably a strong posibility(50/50) that within the next 5-6 years the stock will be back to face value. looking for a 30x increase in value.

the big jump in price of shares was equal to about 0.3% of face, and 3% of trading price. was on strangely low volume(i do not track volume). brought it back to the aug. 24 2012 value, which were the lowest prices since jan 2011.