Fannie Mae Preferred S (FNMAS)

[44centsAKAchoccake]

Yes, I think that block transactions have affected FNMAS lately.

Let's say one of your stocks is 10% of your portfolio and it goes up 10 times and the rest of the portfolio is flat. Once that happens it becomes over 50% of your portfolio (52.6%).

I suspect that's happening to some of the hedge funds and others. So they are reducing their exposure to FnF preferred stocks a bit. I think we'll be flattish until the next dividend is paid to Tsy on June 30th and the next 10Q comes out in early August. Just mho.