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Chimera Investment Corporation Message Board

  • eddiepetedan eddiepetedan Mar 21, 2013 11:35 AM Flag

    Today's Action

    The action in the stock looks pretty good today. Still some weak hands selling, but the buyers are stepping up and then some. With the shorts probably not adding to their positions due to the 9 cent dividend coming at them and the buyers keeping up with the sellers, this thing feels like it'll be going higher. I wouldn't be surprised to see CIM trading at it book value of $3.42 by Monday. If we get a short squeeze, maybe even around $3.5 or so. If a large hedge fund steps up there is no telling how high this thing might go before settling. Won't even guess at the price action in that event which will also force more shorts to cover. If you're long CIM time to sit back, be patient, and enjoy the ride over the next month or so.

    Sentiment: Strong Buy

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