Fannie Mae Preferred S (FNMAS)

[rosen62]

You really do not believe in this trade.

You think you do. But you sell when prices are high and load up when the stocks get killed. You accommodate your arguments according to how the wind blows, yet you publish a website and scream when nobody wants to organize a shareholder's group with you. You are always in the middle of the river, never getting to any shore, never finishing crossing. Although every now and then you are able to articulate some fine idea, in general, you have no credibility. Up to this point I enjoyed reading some of your posts but now am thinking that the satisfaction was more a thing of finding some dissent within a sea of believers than anything else. Unlike some of us that stay put in spite of our grave doubts, you flip like a pancake. For dissent, I much rather read Kissing messages than yours.

May some of us lose a bunch on this trade? We almost did at least in 2 occasions in the past and perhaps more severely this coming week. But we still hold to what we deeply believe and have been consistent over time.