We are following last November's pattern here. Lots of people loosing a lot of money for no reason. What will they think in a week from now? Well if this does follow the trend of the last 3 big flash drops those who sold will feel even sicker than today. For the rest of us, watch the big boys run this way down today and then back up just as fast, making money off both ends.
If history repeats: Buy right now at $5.86 and sell for $6.49 on May 31.
The shorts seem to love taking down ARR. Low volume makes it easy prey. All I can say is I really don't think interest rates are going anywhere. 195 bps on a 10 year. WOW !! Wake me up when this whole fed might be pulling out of QE nonsense is over.
And to the shorties. ARR is the cheapest of the mreits vs q1 book value. If they maintain the 7 cent div next quarter ARR will pop. Watch yourselves.