big money knows
shift in strategy mid stream is what I am guessing
big money doesn't like it
looks like their big bet on non agency didn't/isn't paying off
losses too large to make up for the deep discount they were buying the paper at
big money is probably anticipating nominal dividends going forward
my stop went off at 3.80 last week
Something seems fishy for sure. The run-up should have commenced by now. It is a little too scary for me to add on here, but I am ahead enough not to be forced out yet. The div. announcement should be around the 22nd of June. I guess 4.30 is not in the cards this quarter. If CIM will recover to 4.00 is starting to concern me. A guy more daring than me could stand to make a killing if it does.
Same nonsense as in the shipping stocks.
One analyst made a VERY low earnings estimate call, completely skewing the consensus.
Meanwhile, Insiders made very big very recent bets in the 3.95 range, some in the 4.15 range.
Clearly there had been some inventory to sell from somewhere. I have no idea from where, but someone must.
There have been a zillion new "high yielder" funds put together the past few months, so maybe one or more them ran into trouble and had to disband???
It's probably something like that.
The one lowball estimate doesn't jibe at all with Insiders buying much higher.
I agree.. as the ex date approaches this is moving in the WRONG direction. HUGE volume and little support here. I hope we get to see 4? I added to my position today for one reason; to average down. Not sure the dividend is worth this volatility- I also own NLY and it's doing well. This is feeling more like a trade then a hold. Curious as to other opinion here? In general, I am an aggressive trader.
They already have an ATM program in place. I beleive they sold some a few weeks ago at 3.80. Of course, we won't know these details until the earnings report.
This caught me by surprise. I already added this morning at 3.74. ;-(