often-times, people like to follow trends so at the end of the day they can say that they 'saw it coming all along'. buying and selling on every piece of good/bad news will simply put you in the poor-house that much quicker. once the price of nymt evens out and starts going up, they'll just end up buying it back (before the ex-div date) at a higher price, which, is fine by me. i am not worried when others panic.
I'm sorry I EVER bought this. People are foolish and short-sided here. Have you thought about the ramifications of diluting the shares? There is a thread here that gives historical data about how long it took NYMT to return to where it dropped from after dilutions were done. With a couple of exceptions (15 days or 30 days) , the time was too long for me. Plus, who knows when this rally willl end? I'm not, as Dan Nathans on Fast Money, a buyer of this rally, other than a quick trade.
An additional stock offering is undoubtedly on the way, and I thought that word had leaked out yesterday. Although I think that's still the leading explanation behind the drop in price, I also realize that last week's revelation that one-third of the last dividend was return of capital may have caused some concern.