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Bimini Capital Management, Inc. Message Board

Skeeter_Bug_ 3 posts  |  Last Activity: Jun 23, 2015 11:19 AM Member since: Oct 16, 1998
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  • Reply to

    here is the funny thing...

    by skeeter_bug_ Jun 23, 2015 10:25 AM
    skeeter_bug_ skeeter_bug_ Jun 23, 2015 11:19 AM Flag

    Well, maybe. I can't tell the future, but I doubt you can either. I am not holding on because they split or increased the dividend by a fraction. But I am not bailing because of it either. I don't think those move have much to do with the reit market.
    I am only watching interest rates right now.

  • Reply to

    here is the funny thing...

    by skeeter_bug_ Jun 23, 2015 10:25 AM
    skeeter_bug_ skeeter_bug_ Jun 23, 2015 11:09 AM Flag

    Exactly. I always wonder why others care. Unless you are short, and then... "hey, a fool and his money"

  • skeeter_bug_ by skeeter_bug_ Jun 23, 2015 10:25 AM Flag

    If the company does nothing, you b*tch and moan. "Why isn't the company doing anything for the share price?"
    Now that the company is making a concerted effort to specifically address the share price, you guys b*tch that all they are doing is manipulating the share price to make it look better. The dividend boost is too small, the split is too much.
    This stock has been under attack for a long time, and $3 stock is easier to manipulate. So they jacked up the price. Who cares by how much? Why would care if it's $24 or $10. Buy odd lots if $24 is too rich for you blood.

    The dividend is constantly questioned and everyone says it is going to lower it. Well guess what? They raised it! It's not about by how much. They raised it. Period. Full stop. If they had lowered it by the tiniest of fractions, the stock would have been halved in a week.

    I believe the directors made these moves for a reason, and that reason wasn't to destroy the company or the stock, so I am going to stay in and see how it plays out. You want out? Good, get out. Stay out. And don't come back crabbing. Move on.

BMNM
1.58-0.24(-13.19%)Aug 3 12:46 PMEDT