Why is CIM getting hammered when the market is way up today?
Keep scratching. Yes there was a significant downgrade today with a new price target of $ 2.65. No doubt this is having some impact and the fact that it has already traded below $2.65 this month should be considered also. This is a real high risk concern. Expect big moves down and some up for at least the rest of the year or get some good anti-itch shampoo.