There is nothing but good news from the WMC camp, from TA to their fundamentals(among the lowest CPR of all mReits paying over 14%). I believe we will see spo offer price(22.50) by EX or better. I am with you and was down 40k on the swoon. Still down but only by about 8K(beats 40K). If I can make BE by EX I will be happy...lose some big, lose some small...,keep trading, with no more than 5% per trade, and trade another day....;-)
WMC initiate a buy back on 11/19 like many of the other REITs out there, do you really think that its reasonable to assume they will SPO? If you are assuming that, then you I take it you are also assuming they have already completed their buyback. I could be wrong, but my gut says that there won't be an SPO following ex this quarter but we will see one the next
Thanks for the vote of confidence in our beaten down step-daughter WMC, TA and fundamentals don't lie as such this sucker should fly once divi announcement and the goons finally come together and fix things, good luck everyone.