Replies to post #2707 on Fannie Mae Preferred S (FNMAS)

[CatBirdSeat]

Sure thing,.. a little arbitrage trading. Only thing though is you trade out from high liquidity to low liquidity.

[HUDDUH]

A better deal yesterday would have been FNMAN @ $2.80. Just sayin..

On that note, I like the ASK on FMCKO. It's as if the seller is trying to dupe someone into buying a $25 preferred for $50 money. I think the only arbitrage out there today is between the two.

Anyone find the prospectus for FREJO? I haven't.