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New York Community Bancorp Inc. Message Board

  • jeroly jeroly Mar 13, 2012 4:35 PM Flag

    NYB crosses 200-day moving average

    Given the big short position in the stock, and the large jump in price late in the day today, the bears have to be pretty worried.

    Big picture, technical indicators aside, is that the reported numbers for the past year have been pretty decent, and the shares(as measured by total return) have gone nowhere. Given improved macro conditions, improvements in nonperforming loans, and the lack of outstanding alternative investments, I have high hopes for the stock over the next three years.

    I'm a 'buy' in the sense that I'm reinvesting my dividends in the stock, and would buy more if my portfolio wasn't already nearly as concentrated in NYB as I will allow it to get in any one stock.

14.77-0.67(-4.34%)Jun 24 4:04 PMEDT