CIM should do a reverse split to get rid of all these wannabe day traders. This is an income play period. All revenue shows up in dividends. Therefore, news(good or bad) should only effect stock price mildly. Real investors are not interested in capital appreciation of this stock. Speculators are piling on the bad news and posters here are trashing it to get the stock to move. Keep in mind' despite the news, CIM has said there is no negative impact on revenues. So a decline in dividend a concern..yes. But a panic and sell??
Ps. Someone replay Jim Cramer telling people to get their money out of the market when the Dow was at 6,000.......Good Call D-Bag
Yes, so dropping the divy is everything than. And dropping it is. It will continue to drop also. You will never make money on this anymore a a pure divy play, only to flip it. This dog is dead as a pure income play. But I will continue to flip it, and will buy in again soon.