Replies to post #16780 on Fannie Mae Preferred S (FNMAS)

[big-yank]

You said FNMFO shares would be worth $75,000 per share by mid-summer, 2014. They are trading at $12,000, yet, today.

Great call, there. LOL.

Glad you have all this figgered out.

[NobodyFromNowhere]

FNMFO is worthless because when I try to short nobody will buy

So, you are right, all preferred are worthless. Since pfd are higher in the capital structure than commons, commons are less than worthless.