Nice trade. I'm looking to buy again if it drops to the mid 8's.
"I'd like somebody to give me some positive input as to why i should hold onto NLY."
You should probably sell NLY. It looks like management is not able to navigate the anticipated rising interest rates.
"That means there is an additional loss beyond the dividend adjustment, of .67 this month."
Yes, the stock is losing value fast. It appears that NLY management is not going to be able to deal successfully with rising interest rates. That's what the price drop is telling me.
This stock is very frustrating. It only seems to go down. It seems that Icahn is not able to navigate the investment world very well. Perhaps I should take the loss and move on?