And....even though I'm up 8.8% on the trade, I don't see a reason to sell it yet. This has room to run to the mid $20's over the next few weeks, in a slow trade, summer doldrum kind of market. A nice double digit divy doesn't hurt either while you wait. Seems to be a low risk trade for now. Too bad I threw away my tarot cards.
Your reason to sell may have arrived today with the news that PMT Chairman & CEO is under scrutiny for violating his fiduciary oath to share holders. In other words, he's suspected of dipping into the piggy bank at shareholder expense. This company may be in big doo doo. Its a dirty shame, but who you gonna blame? Like maybe the guy running the operation?