That dip was a good buying opportunity. With all the volatility we've been seeing, I expect we will see a few more buying opportunities in the next few months.
"nonstop pounding continues on REITs...what is the problem?"
The market is a forward looking mechanism. The REITs are going down because investors believe that profits will go down in the future and then inevitably the dividend will go down too. If you have a contrary view that profits won't go down, then the price decline gives you a good buying opportunity.
"when everyone is bullish ,that's the time you buy TZA"
The problem is in the timing. The market has been in a steady upward climb now for many weeks and the momentum just keeps on going. At some point it will take a dive, but it may be weeks or months before that happens.
"I buy out of favor stocks and hold, it has never failed me in my many years of doing this."
That is an excellent strategy in general. Most people have a hard time doing this because it means going against the crowd. Good luck with NLY.
"Or this is the last week and this is also the week to load up. The show is about to begin so please take your seats ladies and gentlman."
I'm still waiting for the show to begin.
Just as I predicted back in January, B of A has announced that they are calling this issue. It will be replaced with a series U issue. I expect that the dividend rate will be significantly lower than 7.25 percent.
"...why not put some of that divy money into a share buyback. with the divy at 12% right now they could save a lot of cash flow buying back shares and after 2-3 years of buyback, raise the divy back to $1 with a much smaller share count"
I agree that this would be a smart thing to do; but I doubt that the management of this company will do the smart thing.
"CEO speaks at 2:10 - Watch WIN drop like a rock soon after"
You were wrong. It did not drop like a rock.
"in for a trade."
Good luck with that. TZA has been a disaster for the past few weeks. Those that have predicted a correction in the market have been wrong. I hope our luck changes soon.
"...more than 48 million on food stamps..what else are you keeping from entering your head?:
You forgot to include the rapid rise in the number of Americans receiving Social Security Disability. As Americans become more obese and less healthy, entitlement payments will continue to rose rapidly.
"TZA back to $42 just on healthy pulback?"
Yes, TZA could run up fast when we get a healthy pullback. The problem is that this market is on a roll and just won't stop going up. This could go on for a few more weeks which means TZA continues to dive.