They're in the same boat, it won't matter. The thing is, Fred may have less shares, but this price is higher. What does that tell us? There's a ton more interest here on Fannie common. Preferreds are sticking the same range I own some there as well.
Anyways.. with 130mil volume and over $150mil through here today ending almost high of day, this is going higher tomorrow and will probably gap above 1.45 in my opinion pre-market.
It appears many retail got skurd and sold today, so the big boys did their job correctly and gobbled weak hands.
I think we can push 1.50-60's tomorrow with no luck needed.
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