Replies to post #40 on Fannie Mae Series E Preferred 5.10% (FNMFM)

[philipmax]

Hi sidedraft,

In April, I tried to buy more pfd thru Fidelity. Every day for three weeks I entered my buy orders only to be rebuffed by a notice to call in. When I would call, the line was always "not available for you to purchase" with some lame excuse about "protecting me". Yeh, sure, like they "protected" me from C, LEH, WAMU and AIG when they were falling like a rock.
The PFDs were racing from $3.50 to $5.50 and I was locked out. Finally, one rep sent me to FIXED INCOME DESK, and, voila, they were very happy to take my orders. So that's the ticket. Good luck.