Replies to post #175473 on Fannie Mae-No Politics (FNMA)

[obiterdictum]

Fairholme was holding 15,260,200 common shares at the end of May with FNMA at 2.10 per share average and FMCC at 2.03 per share average.

Fairholme was not holding any common stock on February 28, 2013.

So from March 1 to May 31, 2013 Fairholme acquired 15,260,200 common shares at some time unknown within that period. So at those average prices, Fairholme was around during the FNMA run up to $5.44.

But with those average prices reported by Fairholme at the end of May, what do you think happened, especially since the share price trended downward after the first drop on May 30 and the second on June 5 when he announced his preferred stake? And then there is the further decline after Obama's word in August. There were no common shares reported for August 31st. It seems Fairholme did not buy low and sell high but were caught at the dropped prices and sold the common when more than a third of the value of the shares on June 5, 2013 was lost by August 30th.

One more speculation to consider.