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.
One of the only green shoots in a blood filled field.
Oil and the Fed marks today as a massive selloff, and even headline good performance has clipped ELEVEN dollars off the AH high after the announcement--winners are being sold to pay for losers.
Now's not the time to be long anything
This one is running out of go go . Take the money and run, this will be down again in days and streaming is not the revenue stream folks think it is, tales of SIRI and XM apply.
Rising rates don't help,and the company doesn't speak until the early part of February at the quarterly. Any more FOMC nonsense, and big institutions will dump.
In reality, are positioned now for a rising rate environment, a year ahead of time, which is why the contraction--it is spending those hedged marbles faster than they should.
However, now's the time to be so positioned. We'll have to see, how low does she go?
Nuthin. Bargain hunting time.
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?
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.
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?
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.