Fannie Mae-No Politics (FNMA)

[bmp152]

Hmm. If you look on the FNMA chart on May 29 and 30th, 2013...those were the two days in which Fannie hit 5.44 and finally closed at 1.73. It's speculative at best, but Fairholme may have been part of that pump and dump. Perhaps they sold when they felt that had a good return of investment. Perhaps short term investments in common shares were to hedge against any long term bets on the preferred, which they clearly hold much more of.

It's all speculative but something to consider.