shorting more cmo - double downgrade coming tomorrow - i know i would downgrade it relative to peers.
shorting AFTER bad news is usually a dumb idea. if one must short it should be before the bad news. thats why u got hurt so many times with mfa, anh, nly etc etc
And shorting mtge in the 24s also was a bad idea.
thanks for the worthless advice
ill short more.
Lenny - since you are now offering day trading tips, how about shorting the first intraday rally after bad news? Is that a dumb idea, too?
Wait, why am I asking you? You said you tried shorter term trading and failed at it. Nevermind.