I don't know if this is run by Slick, Slicker & Scam or not, but if it is they surely have fooled me. I was late in finding CIM so didn't buy until $4.10 to collect the divvy, which I will.
If I hold for a couple of years, the gains will be pretty good at 18% or so, and that would satisfy me. The piggies who want to time this might do better, maybe much better. If they do, good for them. Like the $3.40 dreamer.
My opinion is that the CIM price will continue to rise as stock equity holders seek safety and generous returns. Piggies who wait will be "whistling Dixie".
Market rallies Friday, and so does CIM.
(Bears keep getting trapped again and again based on pure arrogance and hubris.
(Obama-ites now INSIST on a Dow of 11,500 by Election Day. And it is still impossible to achieve it without letting Gold and Energy participate.
(REITs are not a particularly urgent "need to cover" as a group. CIM especially because of its tiny short position.
(But analyst upgrades ARE coming. And that's enough to take out the modest annual highs before earnings, IMO. After the almost-inevitable earnings beat, it should be off to the races, irregardless of what the general market does.)
I think CIM is really in a great spot but own none currently. I am an admitted piggie. If the market drops tomorrow, employment numbers etc., I am back in. I think longs are safe but just believe the rocky road gives opportunities. I also buy Super Lotto tickets because I crave hope. Hoping CIM lets me retire. GLTA.
Not every stock with a high dividend is risk, especially when talking about REITs that pay high dividends. They pay high dividends because they must pay out most of their profits. This is a big and fundamental difference from other types of dividend paying stocks.
Yep, always a risk of a breakout ....or a breakdown. Trading always has risks, but it is not too Late to buy on the way up & there will be pull backs. This is a tough, tough market. I look at it this way,If Cim goes up $4 in 2 years you would be very very happy,or TBT could go go up $4 tomorrow & I would be very happy. Just be smart & hope we all make money :)