Replies to post #10852 on Fannie Mae Preferred S (FNMAS)

[saltflat96]

my funds clear tomorrow.
can not wait to pick up a few shares.

chomping at the bit.

[taintedfud]

' I am thinking the media is again misinterpreting recent news.'

not necessarioy so. the news media are printing what they are told.

i think this is the biggest effort at disinformation since the invasion of europe.

the administration is making a tremendous effort to contain losses, which will exceed 41B if they loose the gamble.

i do not understand constitutional law well enough to figure out when judicial can rule that legislative has produced an unconstitutional set of regulations(if in fact they are). i do know a number of major dc law firms think they are going to get a favorable ruling. if you sign up for one of them, they want no money up front!!!

although some of the suits are just injunctions, which turn things back to 2007, some of them are 5th amendment, and demand full payment of pfds.

i don't guess prices, and i don't guess outcomes, but this sure looks like a split the difference, and offer the injunction.

when is drop dead day for quarterlies? 15th?

[stockanalyze]

i placed an order to by commons at $0.30 but no fill. the drop was panic one, not real. the news is actually positive, gop is scrambling and crying out loud that fannie and freddie will be larger than before.

[5bagger]

Buying opportunity? Yes, Rosen, yes

I have been moving & I think "arbing" commons and pfds.

The severe drop from the initial 'run' on commons is/was the same as the Hensarling fakeout.

We are NOW at zero-hour and the 20 cent drop (15%) is a gift.

FNMAJ - $4.00 - briefly - allowed me to add 1,750 more.

I don't hae unlimited funds. Sold my precious fmckj & fnmas at $5 to buy FNMAK at 7.25.

I am very much ahead (again, in my own mind) today.

We shall see if DTA of 30 (FMCC) and 10 (FNMA) change people's perspective.

Obama is STILL talking years out and STILL has to have Rep. House agree to 30 yr. mortgage GUARANTEE. House won't accept C-W and Senate won't accept Hensarling. It's that simple.

Facts WILL trump. Net-zero or net-positive on FMCC will be the headlines.

This week.

Today is the day to grab the same Hensarling-style fear shares.

GL