Fannie Mae Preferred S (FNMAS)

[5bagger]

Severe share shortage suspected

Feral - No worries - I didn't take it that way.

All - The 50s are all around $17 (35%) and some even have a BID price above $17.

The cheaper 25s are all around 8.50, and premium for extra dividend seems to be disappearing... seems to be anyways.

We haven't heard from Ackman or Berkowitz in quite some time.

Given Corker's remarks about Crapo/Johnson coming in 1-2 weeks (today is the end of the first week), I really think we are on the verge of a big news event.

Place your chips:
1) FNMAS and FMCKJ are hovering right around $10 - when news does hit, they should move fastest, because of the liquidity
2) Common will also rise quickly - and if the news is right - much faster