Hts will be a .96 to book and cmo is still near 1.05cmo to 12 bucks and hts holds up or hts to 27 plus and cmo does nothing.load hts and sell cmolook for 4 to 5 percent.
According to Yahoo CMO's Price/Book is 0.99 while HTS is at 1.04.
cmo just reported book at 11.99
no cmo book is 11.99hts stale book is 26.07 but will go to 26.50 unless they write down what might happen to them.before all this fannie and freddie talk it was 26.50 so cmo at 1.04 and hts near .95 now and if book goes to 26.50 reasoning that nly and cmo with similar leverage went up by about 2.5 percent, then 26.50 or so, and so way under, of course, 2 thingsubss loving the cmo and loading up each and every 10 cents it seems.and hts just falls apart to kill people, and then mega fund jumps in.arca loaded 24.60, 24.90, 24.99 and maybe thats him at 25.25 now but only if he refreshes will i believe it.diff is 1.25 now, get to zero or hts up a little and ill dump it all and reload on the next dip. if it goes up ill say oh well seems to be too risky right now.
Reik:At these levels, CMO looks like a better buy than HTS with a better dividend yield. CMO is oversold.
well im eating crap on this but had buys at -2.5 from yesterday and -3 today, so if they get to equal today ill dump it all as its getting a bit precarious.nothign is above book really except for agnc and cmocmo is impacted by this fannie and freddie and is oversold, sure all teh mreits are, but cmo is overvalued p/y and price to book.im short a lot and holdig that one as the main short