It's amazing how this board works. As we get closer to the dividend most posters are optimistic as the price moves higher. After the dividend the price drops and most people wonder what happened. You should sell some before the divy and buy back afterward.
'You should sell some before the divy and buy back afterward'. In a down market like we are having with the reits this is by far the best way to play them. I gave you a 'thumbs up' on this post! Just don't make a habit of it.
BTW--that $17 sale is looking like a pretty smart trade. I'm figuring BV to be $17.75 today given where swaps and mbs have moved since the last reported BV. Seems like sub $16 is a decent point to re-enter. Whaddya think?