I know; I got out with only $600.00 profit and if I would have held I would be down 4k today. Yikes-that's why I day trade.
I use to write on this board all the time about the salaries and bonus packages-options. I said this stock cannot hold up with such abuse and I was pummeled by every long. I daytraded this and made money but have been out of REITS for some time including AGNC. It really was criminal what was going on with the insiders and I still don't know how it was all legal. This is the first time I have checked back with NLY and was very surprised it is now sporting a negative EPS. That means they are bleeding money. EPS is supposed to be on the positive side and I would not own a stock otherwise.
I can't think of any stock that had a one for six stock split and is up. CACB did a one for 10 and it is still depressed after YEARS since the split. There are plenty of others but this is not good news. Buy after the split when the stock tanks further.
Did you read; they are losing money. They have a negative EPS-that's supposed to be on the positive side. The report caused all the big boys to take their profits today and will leave nothing but bag holders in the future. That's how they do it on wall street. Remember the big hype on BABA? Now it's back to the same price as the day of the IPO. You should have taken profits when this thing was up this morning. Reversal coming.
Just another China scam. In the last 5 years many have lost on these pumped up Asian stocks.
Not oversold. There is more downside since EVERYONE is coming to the table with similar products. You bought a camera on a stick, KKD (a doughnut), SHAK (a burger). What's wrong with the average investor? I say inexperience in the market. BABA is selling for the same price as the big hyped IPO. Get out with a profit as soon as the runup because these stocks always go back down in a hurry.
Check it out. They have no faith. What a scam this turned out to be with that SPECIAL dividend.
The writing is on the wall. Someone always knows what the earnings are going to be and with the stock down today ans lower after hrs. too, it is going to miss. Why not sell since it was close to a 52 week high?
But what happens to the stock in the meantime? Could go down another 3 bucks by then.
Nothing about the stock market is natural. It's all a crock so get in and get out quick with a small profit, then do it again. No one wants to hold if this market decides to crash.