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More likely to go down to the mid 16 level or lower before the rise back up.
After the last x-dividend (end of June), on July 27, NLY closed at $16.11 before it moved higher and continued moving higher. Will history repeat itself? Time will tell.
It could go lower than the previous low.I'm not betting on that scenario.I'll pull the trigger at 16.25 and wait for the ride back up. Thanks for the info.