Replies to post #777184 on Fannie Mae-No Politics (FNMA)

[trunkmonk]

whats amazing is what you said is exactly the core concept of Preferred vision through Par, via receivership, with commons <10c. He had to have missed one or more of the shell game meetings

[LuLeVan]

Warren Buffett style (for investors, NOT for traders) is: buy low, never sell.

I don't need to (trade or) sell my JPS because they will be converted into New Commons at recap/release near par value. After that, I'll wait for the New Commons to go up another 10 to 15%. THEN I will sell.

I'm sure you don't understand this either. Maybe you need a financial advisor who is not addicted to level 2 quotes of legacy commons on their way down to almost zero.