Replies to post #14674 on Fannie Mae Preferred S (FNMAS)

[loobeyondbm]

Ackman's New Trade

Somebody on this board owes an apology to Mr. Ackman. :-)

http://www.sec.gov/Archives/edgar/data/310522/000119312514122908/d701296dex993.htm

It's a swap so it will not affect the % of voting shares thus no DTA issue. He could increase his holdings many more using this method.

Also the $7 print is interesting. We saw similar $5, $6 fat finger prints not a long ago.