Aside from the overall market being down, there was a Seeking Alpha article yesterday that presented a negative view of NYMT. I'm surprised that an article written by someone of unknown expertise or background can affect the price of a stock. Usually declines that follow Seeking Alpha articles are short-lived.
it's bizarre how much this particular stock (NYMT) can be moved (positively or negatively) by an article on seeking alpha. and in this particular case by someone who has penned all of two articles, the first of which turned out to be 100% wrong.... and by a guy who outright states he's shorting the stock.
How appropriate to fundamentals was the recent move? I questioned it last week and even posited that I had missed something. This move still rewarded me in excess of 22% annualized return. As REITS are my answer to holding cash I got more than I expected. Ex div date I will loook again.