I sold some of my WMC at a loss for tax purposes (of course before yesterdays run) however if we get up to 17.71 I'll actually be ahead on what I have left. I'm all for it if we go there but I highly doubt that. I think a more realistic number would be 16.90-17.05. Alot of this depends on the rest of the sector. Since WMC releases info a lot later than some of the other reits it tends to react when they have bad earnings or decreased dividends. If the sector does well then it should be relieved of any negative pressure and will be able to stretch its legs otherwise we'll fall victim to similar circumstances that took place last quarter......my .02 anyways
I am in FCX as well....As for NLY thats a bad play in my opinion. Better mreits out there. I personally prefer the extra flexibility that MTGE and WMC have but thats just me.
What price range are you looking to enter at? I think its attractive under 44 personally and thought strongly yesterday when it was near 43 but I still feel it might drop a little more. Whats your opinion?
Keep in mind you're getting in to the holiday season......The employment rate is always higher this time of year because of retail hiring....It will be lower number come January.
Its crazy panic mode, you would of had to of sold as soon as earnings were released I think. That being said your realizes losses seem small which is a good thing!
I bought in at 30 a while back so I'd prefer not to take a loss so i'm going to hold through. I think it rebounds by mid next year.
I see, I thought you were talking more in terms of a direct correlation. You are just concerned about the general implications on the market.
Must be why they passed with flying colors last year......I wonder what has changed since then? Oh yeah, just the Europe actually Improved.