All MREIT gained at end of day. Tuesday may start a positive trend. The short shop weasels and idiosyncratic trolls like a downturn going into a long Holliday weekend because people will sell so they don't have to ruin there Holliday worrying about it. Best to sell early and buy back lower. Looks like shorty won this round. Have a good weekend.
When it comes to mREITs, the safest play right now is shorting, not being long. Die hard longs only think otherwise because they are programmed to invest long only and thus can't be helped. But the tend is down, not up. And if you insisting on investing in this sector it would be better to be on the short side. But I seriously doubt you will because it isn't something you want to do. Even it if would make you money.
This is not over by any means. Since sell off started they dumped 120 million shares and that is just under a third of AGNC market cap. Sector has broken down and pumping or up swings are not going to change peoples minds, the sane ones will stay away.
Peter. I certainly not saying MREIT is fixed and happy. I think The short shops have the shares for a major pump and dump. There will be pumping posts and a multidude of glowing StealingAlpha/Motley/Cramer type drivel. There will be a run up to see if anyone will salute.