Replies to post #2962 on Fannie Mae Preferred S (FNMAS)

[jwnoble3]

I bought a few with the August 2012 sell off. Only 25,000 total shares out on these, so they are quite illiquid. Price jumps all over.

They typically lag the 25s and 50s in price. I really like having the holder common conversion option (its like having a free call option).

Don't sell the kidney, take the cola bottles back at 10cents ea in MI...should get a few shares. j/k,LOL, ;-)

Best JW