Replies to post #443847 on Fannie Mae-No Politics (FNMA)

[Sogo]

I think Ackman's already profitable on this. If I recall correctly, his avg price is in the low $2s, below today's price. He could slowly sell all his shares for a small profit. I don't have any reason to think he's doing that. But I guess if he's privy to the negotiations on resolving this, and he starts to see that it appears certain that commons will get screwed beyond his threshold of tolerance, he could start selling.
But he owns so many shares, you've gotta wonder if, once he decides to sell, he could sell 'em all fast enough to beat the announcement of a final political/legal resolution yet also slowly enough to avoid tanking the pps below his break-even avg share price!