Reik is probably the best day trader I've talked with and he knows how to get in and out, and pairs each trade accordingly.
I don't have the technical skills to day trade successfully. However, I have a 100% success rate with swing trading. The only times I have lost money is buy and hold and day trading.
So I stick with what I know. Sure, there will be small dips that day traders can exploit, but when I say dip, I mean a dip close to a dollar a share.
I wasn't commenting on the type of trader you are. I was commenting on your statement that we were not going to drop from here (here being around $23.64 which is where Reik posted his comment about exiting and looking for a pull back to reenter under 23.50).
But, yes, cheers to you, too and good luck to you as well.
Yes, yesterday was the SPO but didn't everyone know the same thing they did today? Meaning that we have a dividend coming up soon, the dividend is likely to be .90 to 1.00, etc.?
The point is that we were up 2% today at the highs and we are not likely to rise 2% every day into ex. We are going to move up and down. That is just the way this stock trades.
I guess Reik's point is being proved as I type this and price is dropping 15 cents currently off the high.
By the way, I'm as bullish on MTGE as you but just prefer to play the swings in it up through ex.