Replies to post #717172 on Fannie Mae-No Politics (FNMA)

[FFFacts]

Why would you switch when there are major catalysts only a few months away?

[LuLeVan]

FNMAS:FNMA closed at 4.68:1 today, which is near the top of its usual channel of 3:1 to 5:1.

If JPS rises to $25 (par) and commons fall to 10 cents (Glen Bradford forecast), FNMAS:FNMA could rise to 250:1.

At some point the market could begin to anticipate this, and the "usual channel" might be left forever.

[NoahG15]

So quick question here - I have some hope for the Lamberth class action. Since the classes were certified late last year - what are the implications if you were to rotate elsewhere (i.e. more added to a common position)? Are the holders of record at the time of certification considered part of the class, even if they sell and buy into something else?