Fannie Mae Preferred S (FNMAS)

[loobeyondbm]

Soros might have missed the junior train

Soros missed the sub-prime bet that made John Paulson rich and famous. I think Soros missed the junior train again this time and now he may play in the commons. The pool of common is much larger than junior and is suitable for late stage gigantic funds. I think the recent sluggish movements in FNMAS/FMCKJ are due to the fact that major players have got most of the shares outstanding. The trading in FNMAS is very clear that someone with a lot of shares don't want it to run with the commons. I have been adding FNMAS everyday around 12 PM after the inevitable pullback.