First this stock never traded over $25 that I could see, and that was back when they were paying a $2.10 dividend. There have been a lot of shares added since then when trading was 10k to 50k shares per day. Now it trades millions of shares daily. For a about 2 years, not surprising 2008-2009, the stock regularly traded under $2.
Second, this is a REIT, anyone who says they are 'confident' in a REIT is likely a recreational drug user. It is a highly volatile market. But to paraphrase Joe Kernan, NYMT is the leper with the most fingers in the colony. NYMT is diverse in their holdings, so it is a more stable REIT.