Well the hedges have disclosed they now hold a big money gamble in preferred and a stake in commons. this came out after the drop as they push for removal from conservatorship. I am sure they will line quite a few political pockets to try and make it so..don't get me wrong I believe they and many had a strike price of 5. Hell if i had 200k shares that would have been mine...
I'm still in the money but would love to see this higher... will it? Only the MM'S may know but long term is beyond risky. Some love the odds and though the house definitely has the advantage, some share holders may still be able to cash out with a profit here in the near future.
Congrats on your retirement. looking forward to mine. Who knows maybe this stock will help me get there short term but like you suggest, diversify and don't throw in money you cant risk losing. GLTA