Replies to post #724830 on Fannie Mae (FNMA)

[Release us]

Let it be known that I hope you knock it out of the park with this new position. It should be a sure thing. I'm thinking about buying more because of your reasoning.

Let it be known that I have once again joined the ranks of the common shareholders. I just rotated 5% of my junior pref position into commons: 1% FNMA and 4% FMCC. I chose that split because only FMCC is in Lamberth's class, but FNMA tends to slightly outperform FMCC in normal times.

At a FNMAS:FNMA ratio of 7.5:1, I thought it was a good time to rotate some over. I had mentioned 8:1 to 10:1 in the past, but I think AGTHX has been the common seller over these last few weeks, and they should soon be running out of common shares to sell.

I expect a common bounce (relative to the juniors) to 5:1 or so, perhaps even higher. That's my planned exit point, to rotate back into the juniors.

Let's see what happens.

[EternalPatience]

So you are midas79???

Interesting

Anyways. Welcome to the club. It is so low now that it's a easy time to jump on the train..

I have rotated ~5% of my JPS position (having sold $FNMAS and $FMCKJ) into $FNMA (1%) and $FMCC (4%).

FNMA usually trades at a slight premium but FMCC is in Lamberth's class action.

I think AGTHX has been the recent common seller, and they should soon run out of shares.

— midas79 (@midas79_) June 24, 2022

[Brooge warrants cancelled]

I told everyone you were smart

buy more