Replies to post #2971 on Fannie Mae Preferred S (FNMAS)

[jwnoble3]

Margin for FNMFO, that would be playing w/fire LD.

Yeah, I am not buying anymore FNMFO for now. RE: Lack of liquidity, wish I would have kept a volume study going across all the 25 & 50 prefs. since the Aug 2012 sell-off (which was relatively low volume)

Observation, it seems as if the volume has become low for overall sell-offs and overall higher volume across available pref classes on up days. The conviction seems to be in our favor. Again, I have not done the quantitative study.

Best JW