Recent

% | $
Quotes you view appear here for quick access.

Annaly Capital Management, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • tremulousbull tremulousbull Jul 31, 2011 9:22 AM Flag

    who would buy stock when it just plunged?

    May 4th 2010, I bought during a mini flash crash NLY was having, around $15.50. This was 2 days before the big flash crash. Since then I have always had low buy orders set up in this stock for this event. One triggered last Friday. I also bought this stock multiple times in 2008-2009 and averaged about $13/ share. It has paid me almost 18%/year on my capital since I started buying in 2007, and is still trading higher than my cost basis.

    Other than that I can't think of a good reason to buy low :-)

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
NLY
10.75-0.03(-0.28%)May 24 4:03 PMEDT