It is time to talk again about fear. Many of the investors this week made the unforgivable choice of fleeing the down turn. This is and was just a correction, NOT A CRASH. if YOU SOLD on the low point you are not the first or the only to have done so. The cause of this correction and down turn was China. The government has for years trying to get them on the ropes, I have said this for 2 years now. If you did sell out, you are going to be lamenting about how you lost the value of your 401k, or your ROTH, or your retirement. You still have time to get right by getting in before this REIT goes back to $8.00. People who are trying to make a fast buck sell and lose their money fast, over and over. Just realize with NYMT we get a very nice dividend four times a year. And you still own your shares that you owned at $8.00 that you now still own (if you did not panic-sell). Are you an investor (stay for the course), or a gambler (scared of your own shadow). We will see $8.00 again, NYMT is a solid company. Our dividend reinvestment may purchase more shares at $6.50, if it stays here buy ex-div time (Sept 26ish). Take a breath and look long term at your investment goals. This is a fantastic buying opportunity right now. Good luck to all investors.
When is the next flash crash scheduled? Buy now, don't need to time the market. Be an investor, meaning buy and hold for a long time. I see this as a stock that will probably be back up in two years, and a stock 100% above the pre-flash-crash in four to five.