Fannie Mae Preferred S (FNMAS)

[feralcomprehension]

I'll bet you $10 that FMCKJ/FNMAS make it to $20 before the commons do. Insofar as my cost basis for both the prefs and commons that I hold is roughly the same, your strategy isn't very good.

I'm not sure it's very good at all to be honest; again- the preferred shares command a premium in no small part because they are perceived by the market as LESS RISKY. You may disagree; that's fine, but to come on here with a total absence of real investment logic and yell that everyone should SELL PREFERRED AND BUY COMMON is just silly.