Fannie Mae Preferred S (FNMAS)

[5bagger]

Buying opportunity? Yes, Rosen, yes

I have been moving & I think "arbing" commons and pfds.

The severe drop from the initial 'run' on commons is/was the same as the Hensarling fakeout.

We are NOW at zero-hour and the 20 cent drop (15%) is a gift.

FNMAJ - $4.00 - briefly - allowed me to add 1,750 more.

I don't hae unlimited funds. Sold my precious fmckj & fnmas at $5 to buy FNMAK at 7.25.

I am very much ahead (again, in my own mind) today.

We shall see if DTA of 30 (FMCC) and 10 (FNMA) change people's perspective.

Obama is STILL talking years out and STILL has to have Rep. House agree to 30 yr. mortgage GUARANTEE. House won't accept C-W and Senate won't accept Hensarling. It's that simple.

Facts WILL trump. Net-zero or net-positive on FMCC will be the headlines.

This week.

Today is the day to grab the same Hensarling-style fear shares.

GL