Replies to post #780373 on Fannie Mae-No Politics (FNMA)

[LuLeVan]

Don't worry. You can buy back the shares next week, albeit at a higher price.

[trunkmonk]

interesting, Ps talk as if JPS are a good value, when commons have tripled. Whats more interesting is FMCC is lagging, yet thats the one getting damages. Ps are clueless in their logic that blows with the wind with laser focus on everything but the brick wall in front of them that is built on fantasy and commons demise. how dumb can one get. in reality Ps are not getting bought by smart money, smart money is going commons. keep pumping, but if you really want good return on JPS, load up on commons, they will follow.

[kthomp19]

I sold about 20% of my preferred holdings for almost double what I had originally paid.

Can't blame you for taking a profit.

I’m hoping I’ll be back into those shares since they were fnma prefs and I’d like to collect damages, but I don’t know if this rally is sustainable without pertinent news other than opinion pieces. I’m also trying to decide if I rebuy the $25s I sold or if I go $50 which would be cheaper relatively

The Fannie juniors are well ahead of the juniors, even farther than they should be given the pre-judgment interest Lamberth granted.

If I had to recommend one junior pref series to buy right now it would be FMCKJ.