i keep waiting a few more days to see when the bottom seems to be setting in. I thought it was last week and headed back up, and then bam, today happens. wow. what's going on here? even with the leverage, the related holdings don't seem to be tanking this much.
Let's not forget that some payers changed from quarterly to monthly during this time, which changes the big month lower without necessarily changing the quarter.
The entire market is in a similar trend. Will the entire market never recover either? It's the summer lull. If you look at last year, the market did a similar 'dip in the pool' in the hot summer months.
I agree with you that getting the div back is tough once cut, but the mortgage sector is improving a lot right now. Things are going to change greatly once Fannie and freddie get released from conservator-ship as well.
I'm a buyer under 18
Sentiment: Strong Buy
umm, this is an AT&T board. you should voice your complaints on the t-mobile board.
It's in mine... but the age of the holder would certainly dictate the risk level involved. I'm not in this for 1 year. I'm here until it wraps some time in the 2040's. NAV doesn't matter to me at all so long as it's above $5. The volatility is actually great for the short term. today, when payday hits the accounts later tonight, I'll accumulate more shares than I would have yesterday. In a few years, the NAV dip don't be what I care about. It will be the growth of the growth of the growth.
There's some 25 years left on this guy before it's called in. Sure, this year and the next couple may be rocky, but the long term value is there. In fact, if you hold and drip for just 4 years, you've earned back your entire value. It could go to 0 and you end up 'even', so long as you pull that re-investment out.
Me, i'm enjoying the fact that the big pay day is due to hit today at these low prices. Should get me a bunch of extra shares compared to last big month. THIS is exactly how you make money, volatility and time.
The $9 wall has been in place for a long time. It creeped over it once or twice, but we've been having a hard time getting over it for good.
I agree with you that prices are up, but If you spend 1/3 of your income on food, you need to re-think what you buy. I feed my household of 2 adults exclusively on organic products for under $50 a week.