Hey guys, anyone have any idea where this slow drift down is coming from? Or any insight whatsoever? Regret not buying puts.
typical drift down after a huge pop. needs to make a stand here at 36 and then move up.
If yuo own it have you considered writing covered calls?
I should have. Or bought puts. I didn't think about it at the time. Ah well... I just hope fundamentally it stays strong.
20% is floated. 29% shorted on float. No news is a slow leak. What was resistance in the 34's is now the support. Next important marker is earning on review on the P/L and management of the new portfolios.
Thanks for that vbt. Ironically, NSM was the only one in my portfolio that closed UP today lol.