Would like to suggest to the worry warts who can't sleep at night because of recent price declines in NLY to review the price levels that a huge chunk of management have used to pick up new shares and add to their portfolios. The published record shows that a great many have paid $13.50 and substantially above for large chunks of stock, probably larger numbers than you or I hold. Seriously doubt that very many have sold out in a panic today or in the big down days last week. If they have, we'll soon know because it will be published. They know the company, the markets, the financial positions and even what the Federal Reserve has been doing and what they says for the future. One would suspect that they know a tad or two about interest rates. So cool your emotions and avoid giving away your shares too cheap. Perhaps it does take a cast iron stomach to sit through some of the volatility, so work on developing one. A few months or years from now, you'll want to thank me for this sincere note of advice at this critical time. BTW, enjoy your profits when they finally arrive!
I totally agree with you.. I'm losing money. I bought at 13:40 so what should I do sell for a loss and someone else will benefit from buying my shares cheap.. I watched caterpillar go from $116 to $69 then back to 115. stocks go up and down that is what they do.. weak people panic. people need to relax. next month I get $836 thank you very much free money .
It just goes to show how stupid they are.....They obviously were not predicting the bond market rout that happened last week......well it did happen and both they and Annaly's portfolio suffered huge losses!