hoping for 26.25 and the divi
short psec slowly if you need a short as you can add arcc, fsc etc (recent offerrngs) to counter as well
pry should be good for a 2% 2 week move here.
I added some cys at 8.90 today too.
Did some speculation last week adding TRW at 101.40 and twx at 83. .....of course this is my "rolling the dice account"...
id take all of Canada
tons of resources - core banking is way better then ours - Canadian prefs coming out at 4 to 4.5% for pf-2l and such which is probably bbb+ to a- or such
and they are shifting them to be nvcc compliant as well.
I'm still waiting for that great energy bill he promised 7 years ago to stop dependence on foreign oil. But he seems to have been "out to lunch" the last 4 years.
USA is no picnic either.. I thought the first 4 years were mediocre,,, now 'his' final 4 are downright negligent.. it's either criminal/malevolent or stupid..
The volume is atrocious. .. someone go shoot something or invade Canada. Right now, avg deviation from average daily volume is -70%. median is -72%.. hell.. look at MFA.. OAKS. anything. CYS is the only one set to have above avg volume. deviation is now at -38%.. That is only because of ER on monday.
I did get into OXLCN for all 4 accounts a month ago. Also added LTS-A when it briefly dipped below 22 and still holding all of those.
did you ever pick up OXLCN? Keep an eye on it if the market gets any more 'stress'.
Also to note that WHLRP is a CV bond; it is convertible into common at a price of 5$. I don't think WHLR has options listed.. so you really can't CV arb it up.. tho that would be a boatload of fun.
well.. non-agency, especially legacy, sure as #$%$ aren't treasuries..I had a good old time today.