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Replies to post #724830 on Fannie Mae-No Politics (FNMA)
Release us
06/24/22 5:59 PM
#724851 RE: kthomp19 #724830
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
06/24/22 7:21 PM
#724853 RE: kthomp19 #724830
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
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.
Brooge warrants cancelled
06/25/22 9:16 PM
#724923 RE: kthomp19 #724830