Replies to post #17553 on Fannie Mae Preferred S (FNMAS)

[EternalPatience]

3.00 a possibility tomorrow

[Fanatical Infidel]

Preferreds are the safer play and have big upside.

I’m not against commons...I’ve owned them in the past and watching them closely to possibly jump in them again. Although I would only buy fmcc due to fmna is not part of the Lamberth trial in October

[Fanatical Infidel]

FNMAS currenty $3.29 down over 8% just today while FMCC was up about 30% to 60c just today.
i hope nobody is listening to Ps constantly telling everyone to sell commons and buy preferreds.

Even with today’s nice spike the commons still have a ways to go. It wasn’t too long ago they were trading around 87 cents...If people listened to the many C pumpers on the fnma board they would still be down 30+% on their investment