Replies to post #697609 on Fannie Mae-No Politics (FNMA)

[JOoa0ky]

I wouldn't say commons would get obliterated in any RnR... it is more like the longer this drags on and the more capital that gets retained. The less they would have to raise. Every quarter that goes by increases the common's value.

Around 50 cents is a great risk:reward ratio for commons IMO but I'd restart buying around 60 cents.

hmmm, my takeaway here is that the chart is meaningless cos the background legal and political context is everything

But then maybe you know how to use charts differently in special situations...

Going to be a drop into Xmas with tax loss selling -- and people are sitting on sizeable losses again...

Question is why would it bounce in the Spring? No news that we know of coming...

JPS gets down to 5% and I will take a gamble -- I won't be buying commons since it looks like it is obliterated in any RnR...