Sold out the last half of my shares today. Bought a chunk at 2.15. I sold half around 2.80, when it popped about a month back, and sold the rest today at 2.93. Collected a few divys in that time too.
I think the stock will survive, they announced dividend for the next 2qtrs, BV is above $3.
BUT - I had an inkling that it was time to get out after this recent run.
Very good for you. You have been getting in and now out at the right times. I'm not so optimistic about survival. I've only had 3 clients in the past that were delaying financial reporting this long and sadly all 3 didn't make it. Maybe for the shareholders that are continuing to take the gamble on Chimera they will fair out better.
Sentiment: Strong Sell
Over the last three days, some investors seem to have lost sight of the fact that a significant date related to the release of restatements passed without progress, and slightly over 20% of the dividend is return of capital. What's distressing about the dividend situation is that CIM's appears to have slowed or stopped the profitable activities associated with non-Agency paper.