Replies to post #8071 on Fannie Mae Preferred S (FNMAS)

[feralcomprehension]

Does it make sense, folks?

It does not. The staff at these companies is small enough that even were they to buy shares with their *entire* two-weeks pay the needle wouldn't even move. 30M shares of Fanny common changed hands on Friday at an average PPS of ~$1.35; total dollar volume ~$40m.

FnF employees can buy all they want and the market will not notice, unless a VP or Director goes public with a personally-funded big buy.

[taintedfud]

FnF GO UP ON 15th & 30th

does it not still take 3 days for a stock to settle? if so, would not the savvie fnf employees be buying their stock on the 12th and 27th? 10,000 employees x $100 each = ONE MILLION DOLLARS!!!= 1 millian shares. how many fnf trade on15th and 30th?

the pay period ends every other wed. the 15th and the 30 the is correlation is nonsensical. some months get 3 pays.