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Capstead Mortgage Corp. Message Board

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  • biffiesbrother biffiesbrother Aug 1, 2011 8:30 AM Flag

    Question, please...

    Habitsowner, if I were in your situation I probably wouldn't ever sell those shares. Almost all investors involved in the market in the last dozen years got themselves in far worse situations than you did with this.

    I like this company and if I were you I would pick a bad down day in the market and buy more shares. Just last Friday investors got scared and sold it all the way down to $11.24...but you had to be quick to get shares near there, or you would have had to have a buy order already in at a price you liked. Right now in the pre-market it shows that someone just paid $13.30 for shares!

    So you can get a good buy once in awhile. I bought shares on the day of the flash crash at about $8.56 and the only "mistake" I made is, I should have bought 5X as many! Sound familiar? LOL

    You are not telling us your financial situation so maybe you are going to need the money some time. If so I wouldn't sell until I thought interest rares were going begin a rise. And I might not be concerned about breaking even or getting any particular price.

    Just call this a learning experience. You've done well to hold all these years. It's possible you could become a good investor if you desired to.

    Biff

 
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