can someone explain to me who would be a buyer, and even enough to push the shares all the way back up to where they were?
i don't think it's normal for so many people to jump in when a stock has just crashed.
perhaps nly book is 16.
at 14 its .85 p/b and arr was still above book at the time, and anh was at .98 book at the time.
load nly short the others.
if nly is going to zero so should arr with its 9/1 leverage or anh with its 7/1 leverage
agnc gave the same opportunity
if one is junk they most likely are all in trouble.
watch for nly to gives clues on the others and vice versa.
a very likely scenario in the next few days....I will be putting in an order for $14.03 one of these days. Things alway correct farther than they should so that there is a little upside potential for careful buyers. I am also looking at selling the $15 or $16 puts on NLY for October...canget 90cents for the Oct $16 right now and more on Mon or Tues.
Sell NLY ex-dividend EVE and then wait up to 6 weeks for a good buy price. You can easily double the NLY dividend about three times a year and you will probably miss one quarter a year.
$18.67 high before the last dividend, sold off to $17.87 not enough of a sell off and too soon. Much to my amazement those investors who collected the $0.65 dividend had two days (July 7 and 8) to sell at $18.50 or higher. Get your dividend and sell at almost the ex-dividend EVE price, what a gift.
$17.2x is my normal entry price for NLY but the debt ceiling debate gave me pause. There may still be time to get in Monday, but those that got in on Friday will probably be paid for the risk they took.
For those that understand who NLY is and what it does it was a gift pure and simple. Not that we might not see that gift again. But to buy NLY below book value was fantastic. Short rates are going NOWHERE for a long time. Keep an eye on the repo market. But for investors, (not to be confused with day traders) NLY, and a few of their peers, remains a great spot to be. The debt ceiling/budget mess will pass at some point and the sailing will get smoother.
May 4th 2010, I bought during a mini flash crash NLY was having, around $15.50. This was 2 days before the big flash crash. Since then I have always had low buy orders set up in this stock for this event. One triggered last Friday. I also bought this stock multiple times in 2008-2009 and averaged about $13/ share. It has paid me almost 18%/year on my capital since I started buying in 2007, and is still trading higher than my cost basis.
Other than that I can't think of a good reason to buy low :-)
Me too, I got lucky when we had that one day flash crash
and had a limit order fill @15.00, Thinking about entering
another limit (low ball) order again but want to watch the
price action for a few days before entering a limit price
Me too, I got lucky and picked some up @15.00 on May 4th as
well, had limit buy order in at 15 for some time.
Thinking about entering another limit, (low ball) order in but want to watch how it performs for a few days before I do