Bullnobear-My point exactly. This stock DOES always fall back. That's when I buy and sometimes I get lucky just before the div. I sell when it pops and buy when it gets hammered. I just don't like the way the insiders take so much of the profits when they don't invest their own money. Is anyone giving you these shares for nothing? You say the div. is enough? Not when the shares drop; you are back to even. Wall street and the stock market are like pulling the handle on a slot machine. 777 cash out and move on.
Bull_no_bear: There's another stock out there just about the same price as NLY with a 3 billion buyback. The market cap is close to NLY and the PE is lower. I just went all in but don't want you to think I am pumping it. It is also a very well known stock and was in the news big time today as it just reported. After hrs. it's up 72 cents. It's going up from here so if you have any extra cash I'd bet on Mayer. If you look on their message board, I have not pumped it up or knocked it down.
A bottom at 16? It's 15.98. You have already lost your div. with the decline in price per share. Just wait until they HAVE to cut the div. You'll see plenty of action. Get out if you have any profit left.