I think most of those recent huge block trades in FMCKM were likely Fairholme downsizing due to redemptions. Fairholme had a little under 6M shares. I wouldn't assume that all the redemption-led selling is in the future.
Navy, do you think Fairholme continues litigation, now that fund is being liquidated? This could be very bad if not. If anyone has any insight it would be helpful.
Nonsense...the hedge fund was only $400m in size. He gave back shares to investors. Up to them if they keep or sell. His public mutual funds owns the bulk of the GSEs positions.