So rr u still holding the cys/wmc pair since 11/18? It never became profitable and is worsening again.
I own more Mreits than u do in absolute dollars RR.
U r just penny ante stuff
Hey RR nobody believes u since ur claims are easily refuted by price history.
Right. U know it that ur holding period almost never extends 3 trading days so u took ur losses & were out by the 21st at the latest. In any case ur timing was horrendous coz the trade went bad right away. If u had initiated ur trade when you got out i.e the 21st then it would have been much better. LOSER!!
As I've said elsewhere I am basically a buy and hold guy who steadily reinvests unspent divs and proceeds from put selling. About 96% of my portfolio is invested in a diversified Non-Mreit stock portfolio too lengthy to describe (about 80 stocks mostly industrials and staples). Obviously they have done well in this rising market. Have no bonds.
The approx 4% in Mreits have taken a beating since May. On a whim added a few thousand NYMT @6.4 and also moved 30-40% of AGNC and MTGE to WMC so that the latter is now my largest single MREIT. Despite the beating I remain sanguine about Mreits.
Oh I've also sold a lot of puts tho with the rising market that activity has tapered quite a bit.
Now I only sell puts opportunistically i.e if a stock takes a nasty tumble for minor reasons e.g today I sold puts on Intel, coupla days ago on SJM. Even took a gamble on TSLA which is unusual for me as I usually avoid messing around with hi flyers and techs. But I chose a deep discounted strike price of 80.
No shorting or pair trading. Not my style.
dear DELUSIONAL rr
Since Nov. 18 when u bot cys and shorted wmc both have dropped about 0.30 c
But since cys price is about half wmc the fall for cys is twice as much.
Has the loss got u so confused?
I bet no one understands your pathetic rant except that u r one angry paranoid headless chicken running hither and thither. (OK maybe loyal defender JT claims he does and provide a translation. Ha ha ha....).
RR u certainly r one confused chicken.
U analyze as if u plan to hold something for months whereas you trade, or advise to trade every few hours or at most few days.
U r just a momentum PLAYER and not a fundamental INVESTOR running around like a bipolar headless chicken
Most of ur posts r not even intelligible and often all capitalized.
I hope for ur sake u closed the disastrous cys/wmc pair. U have also caused JT much loss as he follows every move u make. Poor sap!
I just like to expose fake gurus like u who r dangerous to ones portfolio.
Ur so called pair trading is nothing more than mere spinning of wheels. Win some and lose some but in the end a big fat zero.
I guess the brokers love ya and it may be therapy for ur bipolar thing.
I notice u r not screaming in all caps lately.
BTW u add nothing with ur crazy analysis anyway. Just focus on the economy and interest rates. All else is noise mon ami.
so r u slapping ur face for ur cys long, wmc short pair or cried uncle and closed. shoulda listened to jackhiller who tried to save ya. but nooooo.
rr u r so prompt to report ur winning trades but just disappear after a shellacking.
not true "guru" behavior is it? or mebbe it is.
Where is JT when u need him?
Not bore u but I looked up. I just made 6k by selling puts on NTI. Did not buy stock. Well now its just yielding 4.9%. Some of the others u mention sport higher yields but I just don't understand them so will leave em alone.
Thats it... NTI.
Well I made some but nowhere close to what u did. But then I was too chicken to bet long and strong on something I did not have "feel" for. Plus I entered kinda late too. I will look up the names u mention. Thnx.
BTW if u made off with that kind of loot in just one stock then I will never feel sorry for u should u stub ur toes elsewhere.
I also hope the transaction was all in ur Roth.
jack i respect u and apparently u have a good educational background if u have a PhD in statistics. Thats far grander than my M.D.
But this guy Mauldin pushing so aggressively for a taper is just a snake oil salesman with very poor economic judgment. My guess is that he wrongly predicted a "Septaper" and is now mad as hell.
BTW, I should add that I have never subscribed to a newsletter in the belief that "Those who tell, don't know and those who know don't tell"
I can't say I have done too badly in the stock market since I have been investing for the past 30+ years. The first 20 (or pre 9/11) years were fantastic. ( BTW I have only about 4% of my portfolio in Mreits. My record there could be better).
I believe most expect, probably correctly that the div will not go below 0.80 and may even be maintained (doubt that one). Actually u r far better qualified than I regards calculating payouts.
So even with $3.20 we have a huge yield of almost 20%. Any Mreit even comes close?
In another post this a.m gracie i.e ex CIO Fulton opined $.85-$.90 + special div. If he is remotely correct we might see a mini melt up.
BTW while I have u: A few months ago i made some money on one of ur recommendation on some energy play (I believe). Since selling I have forgotten its name. Do u recall what that was? Just curious. Its not terribly important if u do not recall.
jack I tried to look up Mauldin's educational background. Wasn't straightforward but this is what I found:
Southwestern Baptist Theological Seminary
So he has a Masters in Theology?
As soon as I went to his website I got a hard sell to subscribe and give my email.
Frankly I had never heard of him and I am fairly well read, perhaps not as much as u when it comes to newsletters but I have read Milton Friedman fairly extensively even tho I don't pretend to have formal training in economics.
Mauldin seems to be fixated on the taper. I did not bother to find out why but I think a premature taper now would be a big mistake.
Tower of strength. Did u notice reik the shreik.?
I guess he needs to be saved from himself. Best of luck doing that.
Don't u think several of the Fed governors like to preen in public considering how often they shoot their mouth?
And to top it off, last nite BB decried the sudden big rise in interest rate last summer while conveniently suppressing the fact that it was his loose tongue during a press conference which unleashed the upheaval. Anyway the current storm will soon dissipate in the face of reality. And its reality which ultimately counts.
Sure my buy and hold philosophy means i took losses in my mreit portfolio. But as i have said mreits represent about 4% of my portfolio (tho a significantly larger portion of my total divs).
But then i am up 30% this year in the remaining 96% of my portfolio (actually more if I count the rich gains from put selling on non mreit stocks). So buy and hold has been a tremendous strategy OVERALL. Sorry to spoil ur lunch JT.
hey rr what the heck is seell?
And even if wmc falls its the differential between ur pair trade which counts. Will cys outperform wmc as u predicted? presently wmc has opened a huge lead over cys
So for a rapid fire trader like u ur pair trade is a DISASTER? hope u don't get margin calls. Is j trader still following u?