Vol on bid surged
Money with mouth. When I saw vol on 9.49 bid jump from 11,000 to 47,000 against 25,000 on 9.50 ask, I hit send on 9.50 limit to buy 5,000. Got three executions to fill, all at a hair under 9.50.
I'll probably hold these at least thru ex div because 21 cents / 9.50 = 2.21% in about 3 weeks while I pay Fidelity about 1.77% for 52 weeks.
IMO, we're over 10.00 on 11/1 absent some macro disaster. If not, the increasing yield is enough for me to wait it out.
I sold 500 Morl today that I picked up over the last month, and used the money to get 1000 nrf. I got it at 9.53 though
pretty disappointing end to the week. nrf down for...no reason on a generally good market and reit day.
Agreed! Down day, however, on below average volume. Still comfortably above important moving day averages.