I'm out, Will wait for the filings to think about getting back in.
Sold my CIM yesterday. The run up from low 2's got me back on the plus side overall, but I think the run is over for now. I know they "indicate" that the year-end and 10k filings won't be a big deal, but the longer it goes the more nervous I get - a YEAR is along time. I'm also more interested in the CURRENT financials, not restated financials from 2 or 3 years ago.
I've been burned before when unusual situations like this turn into big losses and lawsuits, despite assurances from management that "everything is fine". I will look for a little safer place to park my $$ and may get back in when they finally file.
Didn't they just release with their new book value at 3.09? you waited all this time and now that were at the end your out. Well I wish you the best. Glad you at least got to even. QE3 will probably keep pushing us up to the mid 3's which I where I will exit.