The company only denies the allegation in a press release. That doesn't mean anything. Otherwise, OCN stock would have rally hard instead of dropping 3.47%
The blue mountain default claim is worthless now that CA issue has been resolved, HLSS worth $20 to $22 per share. Excellent dividend growth, book growth.
Higher interest rate lowers the bond value. But as long you hold it until maturity or the next call date, it doesn't matter.
tano divi in 2 weeks maybe they want the divi
they never want a divi in the ones im long
I added 3k long ally-a and short 3k ally-b 60 cents diff - got out a bunch .34 for a trade in the morning and reladed
luvpizzasj, I've been trying to sort out the interest rate issue.
With Europe, I'm not worried about the long.
If the fed raises the short a bit, is that going to inpact prefered stocks?
I can't find any data on this.
Just as an example, lets say the fed short rate is rased to 1%.
How does that effect my prefy paying 7% ??
The whole interest rate scenario has been a bit of a worry for me.
But at least with Europe doing QE recently.. I think global rates on the long will stay low.
i like longs for some time
i just hope we go more sideways in rates then this tlt up up uppupu
hedging is gutting my profits.
Just out of curiosity. Are you front running the interest rate hike? As we reach mid 2015, I fear there might be a sell off due to fears
Im much bigger in mreits
and im trimming mreits to 1/2 what i normally have and adding a diff sector all together
more electric utitlites
more fluid moves lately
like dte on the dip today and easy 1 buck on the bounce on some shares
You guys are doing a lot of preferred stocks trading lately. Wish I have that kind of capital to play. I did trade bank preferred stocks from BAC, JPM and GS during the financial mayhem. Crazy volatility back then. Just wish I hold those shares that were hugely discounted.
I also bought WMC shares as low as $13.30. Never thought they will take it down that far. Realizing the fundamental is not the issue, I kept on buying. And now the stock is moving up, I am unloading some shares.
I also notice about the DRIP date. Very convenience for them to drive the stock down for cheaper purchase. When you watch the streamer daily like a hawk, it is easy to catch the shenanigans. As much as I hate that, I realize it is good for me too. An opportunity to buy cheaper shares.
The stock market is the ultimate love and hate relationship. :)
I just over-estimate the collective intelligence or rather.. awareness.. sometimes.. It's not like I wasn't buying a bunch at 20.25-20.30.. because I was.. I'd get order filled and then the ask would be 1c lower than what I bid for.. as if that were to some how umm. break my spirits or something? Yeah ok buddy.. I just bought more..
How about that WMC? Back above 14. Tomorrow is short int dissemination date.. The 20th was the due date. I'm guessing, like usual.. someone got their hands on the data before hand.. That's a stretch, but it does seem that way.. The covering begins before the short interest is 'disseminated' (1 week after due date).. and it is revealed to be a whopper/crowded trade.. A big ole bid all day for 40k+ from NYS.. moving the bid price up ever so slightly..
and hey. guess what.. Reinvestment/paydate is tomorrow. I'm happy I chose to sell puts (15 strike) to 'synthetically reinvest'.. as likely the reinvest price for many (tomorrow) will be above 14.. Not the worst price.. but certainly well above the avg for the past couple weeks. Same goes for MTGE.... Only mREIT that was red was EARN.. and surprisingly.. the pay/reinvest date was today for that one.. VWAP was 16.19
C-n is trading right near whats it worth in say 9 months
divi tomorow and its right up there
and it might go over what its worth temp
so another example
gm has risk but risk seems to be solid now with hyg bouncing and most of that pain oil related.
For me its near 4.51% percent - since tax cometh on all of the trades for me
and you will see the spurt soon enough
many that are compressing down are trading above so there is a change for a juicer of 25 to 50 cents
ill take the low low risk
either give me 5% annualized and a chance for the pop and ill keep pairing up as ally-a holds up too and goes up
after both dividends i expect the spread to narrow to 10 cents plus or minus
and ill take that 1.5% pairing trade too
lyg-a is probable to be called and its trading above that probability too now and so ive seen that in a few others too and so ally-b has that chance too
That is callable Feb 16th, 2016.. So not much interest rate risk either.. but really not much 'upside'.. It certainly won't be going below par tho.. It's technically worth (0.5078125x4)+25.. But you have to factor that you'll get taxed on that distribution.. So, is 0.73125c (2.78% yield to maturity/call) really worth it.. I guess it depends on the tax bracket. If they decide to not call it for any reason (it would be odd, as they have many sub 4% 'notes' offered and taken every damn month).. if they decide to not call it.. that'd be a nice bonus.
I bought CHMI at 16.97 too. This company market cap is tiny comparing to NRZ. Hopefully that means plenty of growth ahead. And that means some SPO :)
Alkkov, the cheapest EFC shares I bought was $20. I know the market is extremely frustrating. :( Used to drive me cuckoo. Not it only drives me a bit nutty. LOL!