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big-yank

05/06/16 8:26 AM

#337307 RE: Hollyk #337286

FNMAS dropped from $2.35 to $1.05 when Amendment 3 was announced. It had traded in the $1.50 area for most all of 2012. A lot of the talk had been winding down both GSEs over the prior 15 months. Why did you hang onto this stock instead of taking a nice gain, earlier? If you bought at $1.37 you would not have taken that steep a loss on Announcement Day, and are way above water at today's prices circa $3.75.

I did not review price history prior to 2012, but if it actually hit $14, why not sell enough shares to cover the original investment and play with "their money" on the risk side?

JMHO.