I think GDP comes in around 2.6 to 2.8.. estimates are 3.0. So look for a possible pop if you agree with me... it just seems a little on the high side.. so there is plenty of room for a miss.
Forgot to mention that I used some of the proceeds to buy 600 more shares as well so I am up to 19,600 shares.
Overpriced, swap to AGNC. sell HTS go to AGNC. Relative strength swap. AGNC has room to recover on the day and then some.
I am not a lier, the article is pending approval. I am not short either. I am a good person looking out for you, I don't care if you don't want to hear it. I will tell you because I don't want to see anyone get burned by investing with those crooks or anyone else if i can help it. At least i can say I tried to help you and gave it my best shot. I strongly recommend selling the open on JMI today. MARKET SELL. Get out before it keeps crashing today.. and it will go down... the open will be the high. get out.
I have to warn you. It will tank. Just get out and buy back later. Sell it at market. You will save lots of money. I love HTS for the long run but you need to get out right now.
Treasuries went up in price and MBS fell in price.. equally.. about 5 ticks. This is looking like it's being setup for a basis hit soon. Look for Treasuries and swaps to outperform MBS tomorrow.
I just submitted a counter article to that called "Why Your Mortgage REIT Keeps Going Down." It fully details why the author you speak of is wrong. Please consider it before adding any more exposure to JMI.
I can feel it.. the market just wants to destroy the mreits if it can... drop them DOLLARS this week. Punish those Mreits.. norty norty mreits... BADDD. Interest rate risk is BADDD ... mmk? Rates go down you go down too cuz u r BADDD.. I don't care if it does not make sense says mr. market.
oh wait.. nevermind.. now it's time to fizzle. FIZZLE WIZZLE TIME. Loved you at $20.10, .11, .12, .13, .14 but hate you .. #$%$ hate you at $20.15. #$%$ 20.15? U ARE OVERVALUED. GTFO. $20.14 is ok tho. but not 20.15. =) Just for that i'm taking you back to $20 says the market.
Despite dropping 17 ticks yesterday... 5 ticks green means MREITS are gods and there are no risks anymore according to the market. But they were hated at multiple % lower.
i cant short it in this account. i cant risk being wrong even if i am 90 percent sure i will be right or otherwise think the odds are largely in one direction vs the other. my core income is the dividend income i receive. i cant afford to have to pay a premium to recoup the shares. so no, i wont go short.. i can only risk small amounts that i make from stock swaps. when i go diversified on occasion with my other acct i do have some shorts... sometimes even short the same mreit that i am long in the other acct. yes seems counter productive but they are two separate strategies. i am not god i cant know the future for certain or what the data will be but i know trends and i know what sort of impact that data can have on the mreit sector. wed,thursday, friday are big days... this week needed to be hedged for my long only mreit strategy account.
no i think they will drop dramatically for wmc, but not so much for agnc or mtge. i estimate book is down about 7 pct from q3 levels for wmc. i have no position in wmc, just a warning to you that wmc is not a good investment at this price.
oh... umm.. $17.00 to 17.50 very possible for MTGE by weeks end. long term mtge should be fine.. they just went after MSRs...not worried about rate risk there... more worried about credit risk.