Well, I hope you are correct. $16.50 with the current dividend of .50, would yield a handsome 12.1% Taking the last 13 quarters into account, NLY makes its quarterly low an average of 18.8 sessions following ex-dividend day. I'm in the middle of some math studies and will publish my own entry price right here by Friday.
Gee, that was not very nice calling me an idiot. I in fact said it could in fact go lower and everyone had to decide where they wanted to put their buy order in. I really have no need to pump the stock at all, since I am holding it for the long term in my IRA and the fluctuations over the next several years are not of major concern to me, other than deciding if I want to buy some more and when I feel like it has gone low enough. If I have a concern it has more to do with their ability to maintain a healthy dividend for the next 4 to 5 years.
To those who want to buy some more and hold off till it reaches 16.50 if they are confident it will do that--more power to them and I hope they succeed.
Civility really seems to be a lost art. I really don't mind you suggesting that it is possible that I have some need to pump up the stock even though that is false--but I would hope we can say these things with out calling each other idiots. Although I guess suggesting I am pumping up the stock for personal gain does somewhat impugn my integrity.
Just something to think about in terms of how we all communicate with each other. No hard feelings.
One other thing in relation to the charge that you make I am trying to pump up the price--I hardly believe that the posting on this thread, unless it somewhow started a truly false rumor that took off, will in anyway effect the price of much of anything and that false rumor would fall to earth soon enough.
My posted opinion as a small amateur holder in NLY effecting the price of a stock is laughable.