Those who bought this morning ain't too shabby either. My remembrance is, NYMT hedged too early in their game, and should be poised well to withstand a couple three hikes of a quarter of a percent over the next year fairly easily.
with all this rate hikes in the offing, to include selloff by end of year for losses. I think we see another 20% overdone, for those of us opportunistic to be in cash. For those collecting dividends, look at the forward guidance for rest of year, they pushed the get done's out to end of first quarter we were expecting to show up 4th QTR. However honest, that will put pressure on weak hands, and with the sword of Damacles, the rate hikes hanging overhead, we're going to have to stay tight or double down when opportunity strikes.
Couple months back we had a flash crash when somebody dumped shares, they went down to the early 5's or so. I wouldn't be surprised if..........
Is that what is expected? How about hammer manufacturers being responsible for every hammer murder because SEARS sold the murderer a hammer? How about ax's? Ax's is good!
How about suing condom manufacturers for every birth claimed from a faulty condom? THAT would be fun!
Anybody else see what is going on here?
The truth of the matter is once you get past the spam in the personal fight it's time to go nibbling at eBay stock it's very very tasty at these levels. The separation of payPal has been done/ overdone by about 2 bucks.
to find ANYTHING. Just utter trashing of what worked, meddling that has even the Fed in AWE!!!
Actually, they don't know squat. With the stock fully leveraged as if it were in a rising interest rate environment a year too early, their revenues suffered. But now that the overnight rates will be rising, however slowly, they are looking like soothsayers.
The market overreacted to the diss given to high yield, and NYMT dropped by a THIRD its stock price. I DEAD CAT BOUNCE is $6.25, and with the second 24 cent dividend in the bag, the stock is looking safer.
Buy low sell high, especially when the market exhibits a knee jerk reaction. I was in at $5.34.
What's in your wallet?
If they can hold onto the spread, I'm with you there. I think I have seen as high as 24%. The last flash crash I got a spitload at $5.19. Pure chance.
This is a bullet proof model, as state and local govts don't have the money to do this but once every millennial, this co has the original upgrade and maintenance contracts for the software upgrades that have lain fallow at most state and local levels, some since the late eighties, and is ever widening penetration with huge "customer" loyalty. This is the "google" of the public sector, and yes, I own a bunch with lots of predatory dollars for those who can't stomach the inevitable rate hike plunge that functionally doesn't affect this investment.
See you at $400 by end of 2017.
Oil glut, alleged "full employment" at half pay, no inflation, a Fed poised to hammer the balloon with a pin next week mid Dec 2016. Lower tier investments get funded with loans costing more--squeezes margins.
I suspect an overreaction as the market discounts the entire 2% pop in interest rates.
One of the only green shoots in a blood filled field.
Nuthin. Bargain hunting time.