My apologies. Hope you make your money back and then some.
FNMA is a stock where you either flip and make a decent buck or you buy, throw away the key, and pay little attention to the PPS for a lont-term gamble.
While the upside is enormous, I'm not willing to take a gamble that's less than likely to materialize. But boy, if this one is returned to shareholders there will be plenty of people bathing in new money.