Replies to post #624182 on Fannie Mae-No Politics (FNMA)

[DCBill]

GSE investors around the nation collectively will faint!!!!

[RumplePigSkin]

Bove ... doesn't expect the junior preferred shares to be converted into common shares or full payment of par value on preferreds..

Dick Bove of Odeon Capital was a staunch supporter of the JPS position until July 2020. He now understands the futility of a JPS investment.

https://www.valuewalk.com/2020/07/fannie-mae-junior-preferred-shares

[955]

Certainly a possibility. FNMA in the past always seems to fill gaps prior to any move upward. BB would determine limit of fall. If it covers a fall to $1.70ish area, that would be major area of support. That said, watch for any changes in lower BB.

What happens if FNMA breaks below $1.90?

Do you think that Gap at $1.70 is still hold Commons back?

[Louie_Louie]

If fnma goes to 1.90, FNMAS goes to $5-6