fnma

i had a friend telling me all last week to buy buy buy ...and i told him not to...hahahaha oh well

 

The catalyst for all this was fannie redeeming a tranche of their bonds, that most people thought were a bust even with the govt help, at par. It's looking like the new mgt. over there cleaned things up.

 

Is there any talk about getting listed on the NYSE again?

Most funds aren't allowed to buy pink sheet stocks, so I wonder if there are some managers looking at this thing and just salivating waiting for it to get listed again.

 

And who would these people be? FNMA 5 2/13/17 is currently trading at 110.8563.

But equity is another story...

 

oh yeah, they're totally cleaned up. no issues whatsoever.

 

Don't be naive - it's not perfect, but when was the last time you knew the smart money reacted AFTER the fact?