Wow! Look at those sales of preferreds! Looks like Ackman was right that preferreds are selling and buying common. Just the beginning! Sionara Preferreds! You’ve been warned!
Based on Stock"profitter"s link, Tim P still owns a total 97.7% preferred (FNMAS, etc.) and a piddly 2.3% common (FNMA, FMCC). Nice research guys. Your own link quickly debunks your own story.