I bought two tranches, one at 11.10 a couple of weeks ago, one at 9.10 today = cost basis 10.45.
No, I'm not happy.
I'm convinced, utterly convinced, that anything run by Bimini is a criminal enterprise. ARR, JMI, and now ORC, all are cesspools.
Bimini must be closed down and its executives arrested.
Bizarrely enough, it actually does look like it's getting worse. The SEC needs to investigate this company immediately.
I bought some more at 9.10. My cost basis is 10.45.
Maybe I'm nuts for buying more...
Sentiment: Strong Buy
Something really, really, really sinister must be going on!!!! What is causing the continued absurd, frenzied selling?????????????????
Wish I had the money to "donate" to the Clinton Foundation.
Say, how 'bout putting one's money in the rare earth element craze? Oh, wait, that's right: Molycorp went bankkrupt (Chapter 11) a few weeks ago.
ORC is crooked because ORC is externally managed by very, very crooked Bimini.
There is absolutely no question whatsoever about that.
Never seen anything like it, a one-day selloff of this magnitude due to a div cut. Astonishing. Institutional investors and insiders are bailing in droves. LOTS of high-powered folks obviously knew about the div cut well in advance. This is a HUGE SCAM, and a bunch of people need to go to J-A-I-L for this.
From ORC's Website:
"We are externally managed and advised by Bimini Advisors, LLC, a wholly-owned subsidiary of Bimini Capital Management, Inc. Our manager is an investment advisor registered with the Securities and Exchange Commission. Bimini Capital Management, Inc. is an existing real estate investment trust, or REIT, whose common stock is traded on the OTC Bulletin Board under the symbol “BMNM”."
This selloff is unreal, but then so is the div cut. Bimini is the most corrupt company on Earth.