Replies to post #646811 on Fannie Mae-No Politics (FNMA)

[Stern is Bald]

10 dollar out of the gate.... he is being conservative in regards to court cases and any compensation... you’re just upset as you see your conversion rate diminish.....

[RumplePigSkin]

Shorting JPS today - don’t want to be JPS BagHolden ...

[TRCPA]

I love the $10 target, near term.....4X from here.

And how much higher it may go from that, longer term.

I'm a buyer here.

[JosephS]

Lol. The problem is that too many people are chasing a phantom price.

3x/4x/5x with preferred (up to 7x from March lows) is not enough....

Well. It won't matter once it's done.

Everything will be over except for the crying. Understanding the risk/reward is a smart exercise. Inside straight draws against trip aces on the river is a tough one.

Ackman has a preferred stock hedge.

Not a recco

[TRCPA]

I sure hope the Esteemed Gentlemen Preferreds get what they are hoping for.

In the meantime, I will continue to be an unwashed, average joe, common buyer....and holder.

Along with Ackman.

[Commons_Cancelled]

I'm wondering if Ackman was adjusting for Reverse-Split with his $10 price target also.

That might means Commons are currently overpriced.