Replies to post #16414 on Fannie Mae Preferred S (FNMAS)

[big-yank]

Tax loss selling season has arrived. Watch for the reversal after the 30 day IRS "wash window" restriction expires. Good opportunity to boost FNMAS share holdings during the Tax Holiday period. I made a ton of $$$ on this play with Exide two years ago. Paid for much of a new condo and a new car with that trade.

Fannie Pfd will take longer to play out, but the gain will be a lot larger than 50%+ with Exide.