Fannie Mae Preferred S (FNMAS)

[woondedeagle]

True enough - total crap shoot for traders. But I'm a buy and hold guy. I add to preferred and common positions regularly because I believe in the long-term story. I try not to pay attention to the pps, though that seldom happens. Some criticize emotional swings, but I don't see how it can be avoided. My son just called to congratulate me on my gains this week and said he knows I deserve it because he thinks this may have cost me a few years off my life. I was having breakfast with some friends at the Red Rock Casino on Aug17, only to emerge an hour later down tens of thousands of escudos. Expensive breakfast, no? As long as another August 17th doesn't happen I'm fine with ups and downs. With what has happened just this week I think screwing the F&F shareholders is now off the table along with BK. But that's just me..