Fannie Mae Preferred S (FNMAS)

[rosen62]

Do some of you guys get to read the "Time and Sales" sheet? Looking at the details of the trades they look more like selling than anything else. I do not like when those large blocks go for the bid and a few minutes later the bid & ask are raised on minimal trades of 100 shares. Sometimes -and I have to fight my own feelings- I think someone is unloading while buying peanut-trades to keep prices as high as possible.

Looking at all trades in both preferreds I do not like them. Now, on a weekly basis charts indicate huge up volume. But that doesn't tell the story. On FNMAS two trades -one of 5 mill and another of 6 mill- were at the lowest bid. And there appears to be a 3rd trade of 1.5 mill split on 5 smaller trades also at a lower bid.