Fannie Mae Preferred S (FNMAS)

[Lake of the Islands]

Are the big players driving the PPS down?

F&F usually have a spike in PPS with the advent of good news.

The JP Morgan settlement and to a lessor extent BOA lawsuit would cause an increase in PPS. The big players could have assumed the same PPS increase due to the latest news.

So they sat back and waited for the right time to drive the PPS back down to a better acquisition price.

What do you think?