You were asked a simple question: What is your purpose here? You didn't answer; you just attacked the questioner.
That's why so many here consider you a lowlife. I would say you are swine, but that would be an insult to our porcine fellow mammals. Swine have more integrity.
I don't need Barron's to warn me off this stock. I'm retired. I'm gonna pay $100 a share for something that won't pay a dividend in my lifetime? Hail no!
Jadefraud: The "handle" and the hilarious wording of your admirer's post are a dead giveaway. It's you. Even Inspector Clouseau could figure it out. You're fooling nobody.
Jadeliar thinks he's fooling somebody. The oldest trick in the message board circus - - post something and then pat yourself on the back with one of your other IDs. Hilarious.
Below $10.18 will be below where you bought it on June 3, 2013. So I expect you to show faith in your decision by doubling down at $9.80.
For jade and others geographically challenged, that's one of the deepest parts of the Pacific. More than 34,000 feet. Also known as the Phillipines Trench.
Why would you cover at $9 if NRF is a "house of cards"? That IS what you called it. So either you lied or changed your mind PDQ.
You bought MTGE too soon and covered too soon on your treasuries. Well, we all screw up, just comforting to know that the high-rollers and masters of the universe do it just like the any know-nothing shlub here.
I thought the main problem for mREITs right now was that interest rates are so low, the spreads are compressed and prepayments are accelerated. So now interest rates go up for a few days and that's even worse? HA ha. It all makes perfect sense.
One more time: You called NRF a "house of cards". Then why would you cover at $9.00? A house of cards is a collapse waiting to happen. Seems to me that you would ride it down to zero. Your credibility is nil and is not helped by your incessant promises that "this is my last post".
Why did you pick $56 as your starting point for HNZ? I bought at $33.
I can't say I love the deal, because reinvesting the cash creates somewhat of a quandary these days, but I think $72.50 is reasonable.
And yet, mREITs ( and BDCs a little less so) are getting hammered just at the mere mention of rising interest rates. Which is a no-win scenario. MREITs are bashed because ultra-low rates compress their spreads and increase their prepayment rates; then they are bashed because rates might rise, thereby widening their spreads and slowing the prepayments. What to do?
Right up the old Colombo.
Are you buying more now?. According to your constant spew, we are required to buy more PSEC to show our faith in the stock. So are you buying more MTGE?