I intend to hold for 5 years or more and expect the PPS to go back into the mid teens over the next few years. Great time to add to position at these low prices. Comments?
I've owned this stock for about a year, buying at 17ish and selling in 18th. Right now is not a very good time to buy or hold this stock. Rising interest rates, new mortgage rules beginning January 14th, and uncertain future for agency mortgages. Smart money sits on the sidelines here - come February or March and it will be more clear where this stock is heading. You never know, might find a nice bargain.
You can get in at a lower price. I would wait, I m o this stock will continue to slide lower, just look at the charts? Too much fed influence, my advice is wait, you could see $5.00 before improving stock price. Current CEO performance still looks poor, cannot leverage enough to cover mbs portfolio loses.
Agree - my average is about $12.80 now - have 4000 shares - so the loss ON PAPER is ugly - I try to NOT be persuaded by the talking heads - so I have no plan of selling for 10 years - but ALOT can happen in that time - best of luck
I bought in Friday and at this entry point I can $ average if it drops a couple of dollars and in the meantime collect the diidend. Even if the dividend takes some more hits it will still a good return compared to anything else out there. If someone has better dividend plays please share.
"...so the loss ON PAPER is ugly..."
This is not an nly negative post. This is a post on just those words above when used for any stock play. Would you put it basically the same way, only the opposite, if you had a great gain? I have to laugh every time i see "paper loss." That means to me someone is not dealing with but fighting reality. When you are losing on paper do you feel as well as when you're even or even ahead, or do all 3 scenarios bring on a distinct type feeling for each.
Capitalizing "on paper" says to me the inside you knows the answer to that. That's reality. Don't deny it, deal with it how you see fit. But face up to it, understand it, and deal with it as it really is.