Go to: www.wsrn.com. enter symbol. scroll down to "WSRN Technical Indicators," (left side of page.) This is a summary of short, intermediate, and long term data: you don't have to fuss with the charts themselves.
Don't know if I put much stock in technicals in general, but these are quite bad.
Sounds like trouble in mortgage land to me. In any case, the unknown analyst at Citicorp referenced in my message was unequivocal enough in his recommendation to sell mortgage security related equities. That would certainly be NLY. Factor in the leverage employed here and you have trouble.
However, I am just going by what the guy at Citicorp said. My background in this area is not good.
As you know, I like this company and have been looking for a point of entry. I'm going to keep an eye on the situation and the stock.
My understanding is that this "swap spreads" situation is almost as bad as last Fall and getting worse. (Just heard some more about it tonight.) Will we see another collapse in NLY as professionals bail out?
So, yes, I think we may be looking at an upcoming buying opportunity. From my point of view, the cheaper the better.
If I were holding the stock, I might be thinking about taking my gains.
Sorry I can't be more definite. I'm going to go over my reference materials on the company and this whole swap-spreads bit. If I find out anything more specific, I'll post.
(We may have some time here: the stock is breaking down more slowly than I expected.)