So what is the big surprise? NLY was down to $14.65 in Oct. and in Nov. was trading at $15.62. This is what the stock does. Just look at the charts. Even if the div. gets lowered a few pennies, it still will have a decent return. When NLY gets well below $16.00, it's a great time to add more. Taking gains is always smart but selling under pressure below your entry point is a sure way to lose your money. I will be buying when the sell off is over, just watching the action like I have been doing for years.
You will definately be able to get back in lower. Just look at all those stock options for the execs. at $13.25. They can pocket quite a bit of money in the spread from today's close. Just like on May 17th, the stock was up to $17.86 and closed at $16.06 when options were exercised. You can see who's making all the money in this game. They are not purchasing shares of their stock, they are given to them and cash out leaving bagholders. You just need to know the prices these are given away at in order to find when to cash out with a profit. Very tricky, but no one follows this and they love the uneducated. I too am out but will re-enter before the next ex-div date. This is only a player, not a long hold.