From last summer and see if that holds. That is what this stock traded at when the dividend was this low. DOW THEORY, the stock is statistically way overpriced compared to historical parameters.
Even by shorty S_klumps bearish standards.. the $3.50 has been breached.. the stock is approaching $3.40.. i don't even think he though CIM would go this low..
once the one year low is breached ($3.37), the next resistance level is $3.20
Don't think we will have the same run up as before, things are different. Less margin players for one thing. Lower dividend for another. Still holding my shares and if the price is right will buy more. All is good.
I was working all day and just got home. Looks like an interesting day on the Boards. Hope everyone had fun. OBTW CIM is up 2 cents in after hours so I guess all the theories about the sell off and testing $3.50 were just for entertainment. CIM will just have to struggle along with the smaller dividened returning north of 10% which I do enjoy collecting. GLTA