Fannie Mae Preferred S (FNMAS)

[betahighlander]

This still holds true for me.
As i review my thesis for any changes. Thanks mhill

[Wanted to reiterate the reason I am in on this. It's not a speculation, lottery-ticket, long odds bet or anything of the like. I'd like to think that succeeding in an opportunity like this takes a lot of hard work, will power and patience. It's not easy to be patient and spot the chance of a lifetime like this. You got to go into it, do your own unbiased research and realize that there is overwhelming evidence that the market is way off. I believe that's what most of us here have done. I've tried all my life to use that extra perception in the brain that most cannot unlock. It doesn't make me any smarter than doctors, rocket scientists or economists. However it's more of a common sense type of thinking and looking for an opportunity to apply that and read the patterns above the noise. This has worked out pretty well for me at work. I've made the right decisions on where to put myself to take advantage of technical and economic trends. I've also quietly and successfully predicted the outcome of every major business decision at my work. Sometimes I am listened to, sometimes not. But the smart, perceptive people who don't mind putting their pride aside know who to go to on major decisions about our business unit.

I am hoping this extra perception is a reality and applies here. I am not too proud to believe that I can be wrong here. But I still believe when all is said and done that it will turn out good for all of us. We have not been wrong yet and most events so far have gone our way as long as we can be patient. The de-listing and conservatorship amendment were just short term hurdles that provided opportunistic chances in my mind. I am not going to spend a lot of my time trying to be an activist for the stock. If I thought that was something I needed to do for this to be successful, I never would have pursued it. My common sense is telling me that the muckety-mucks just want their bailout money returned and will not try to pillage the company out from under us once the payback has occurred. The market right now is betting that a taking will occur. We will just have to see who is right.

I am assuming I am in the company of like-minded, overly perceptive people on this. That's one assumption that keeps me patient throughout this long process.

GLTA]