Fannie Mae Preferred S (FNMAS)

[skibrian]

preferreds stuck because next hammer coming. that's what I think. i am holding till after fannie releases results, but I fear I can't sell quickly enough before some new treasury announcement goes out like August 17th because they DO NOT want to see our shares have value.

I don't know the end game, but I see it a long way out and don't doubt that politicians will do/say something that torches these shares for another 75% loss in one day.

I pray not, and I'm gambling by staying in...but, i gotta see Fannie's report...it will be HUGE.