The main thing that will scare any shorting preferred holders completely away is an influx of continuous retail buyers. They lose total control in that instance.
That's why the court issues are so important here. It looks like Mnuchin/Calabria have put forth their own timetable exclusive of the courts (ACG Analytics clearly has an insider feeding them good information on the Mnuchin/Calabria timetable. Their stock predictions have been another matter altogether.....and they are accounting little for the courts).
But if these court rulings provide some of the kinds of surprises that become realities, retail investors are going to come out of the woodwork, bigly. And the shorters will be gone.
those that brought prefs FNMAS at $10.5 when i told you too are now smiling all the way to the bank. since you can sell them at $11.50 to $12. i am now playing common FMCC I got in at 2.50 now looking for it to go to $3.50 to $4.00. buy at 2.75 at the open and be happy smart players. GLTA
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