I have just 2k will go to 4 to 6k or so max - dont really trade this one too much
but if you give me 20 to 25 cents and rest is flat ill take it or more so looking for 2 to 5% against the field if its slow
hopefully its .55 divi declare and this will gain traction
I'm not sure if this is capable of bouncing in the typical sense.. it's not exactly something you can flip on a bounce - but who cares. Let the selling tucker out. I'm with you on this.. Though I've been adding to my position since 15.71.. This was a position established in the mid to low 14s in Sept and Nov of 2013.. So 14s are not without precedent... though that was prior to a dist raise.. so this yield is certainly unprecedented. It's odd... I was unaware of this until I just looked.. but 14.28 was my purchase price in Nov 2013.. a yield of 14%.. 15.71 was my starting purchase price this time around.. a yield of 14%.. Creature of habit I guess..
oh the rest of the market will be far worse when that happens.. It'll be funny.
okay so get on the bid and load up
im hoping tlt ralies 1 to 2 pts and mbs .5 to 1 and then we have a catalyst for the divi moves as long as the declares are okay
im small net long maybe 1.1 to 1
Very true. But the market is driven by fear and fudge leading to selling pressure. I see one too many posters saying mREIT will be slaughtered when the Fed raises the funding rate.
im gonna start thumbing myself down to get it out of the way I guess from now on
because back then they just weren't hedging at all
you saw it books were flying in 2012 and early 2013 and then they got clobbered
now they are hedged up - enough or not enough - that is gonna be each of our own opinion but fo sure they are more hedged now - mbs up up pu and books haven't moved like they did in 2012 and early 2013
I am guessing Gary Kain thinks there will be a bad overreaction from the rate hike. It was brutual for mREIT stocks starting in Jun '13. I am afraid of deja vu again as the market is never rational.
Maybe they will start the share repurchase toward the tax selling period near the end of the year.