which is better investment?
I have sold a significant portion of my WMC and convert into MITT. 80 cents is good divi, but I don't understand why the market was spiking. Shorts were scrambling? WMC is probably the only one that trades above book and a rare one with no substantial insider buy. While MITT has huge insider buy and very low leverage and signicant amount of non-agency to hedge. The undistributed cash will allow this 60 cents dividend go on for many quarters.
How do you know you can buy it $2.35 cheaper? How do you know the price on exD relative to current price?
those who talk like god will turn out to be a dog
Thanks in advance.
finally. it has been more of a hype for the shorts and of a scare to some lemming longs.
Now we are back to the real world
taper started, life goes on. dividend goes on
right. when you are on the sideline, you bash to buy. when you buy enough, you pump to dump...
always with an agenda
No offense, just kidding...
Seriously, traders following the pattern of buying on rumor and selling on news, or whatever opposite, is not what I would expect from serious value investors. just lemmings.
But I surely appreciate your feedback generally