Dude, if you think there's even a 1% chance that the Fed will tighten even within the next 2 years you need to go back to investing 101. As literally any media will tell you (if you have the capacity to understand) tapering is not tightening. Repeat after me; "THE FED CAN'T AND WON'T TIGHTEN FOR YEARS"
This little beaut is like a teenager's package. Strong like bull. Not going down again. Great story. Huge tax loss selling last year. Shorts are in deep trouble.
So as I just looked, NYMT's last reported book value is 6.24 as of 9/30. Here's a great pairs trade. Sell NYMT and buy almost any other REIT. It is insane that any REIT in this environment is trading above BV. Buy TWO. But EFC. But EARN. Buy CYS. Anyone long ANY REIT above BV isn't paying attention.
One of these days there will be a great trade out of KOG into TPLM. Don't know when and the TPLM chart looks awful. I am long both, and TPLM is very oversold. But the chaart has me convinced its headed lower.
Yeah, right beofre you lubed them up and stuck you tiny package in them
IMO (and it hurts because I am long) there is no support until the 6 1/2 to 7 price level. The earnings were fine. Their guidance was fine. Fundamentals are being ignored as the chart tells us. Hope I'm completely wrong
Terrible terrible chart. Double top. Believe me, I amlong out the brown, but the charts haves this going to 6.5- area.
But you still don't know what Taper is. You don't seem to understand that Taper is not the same as tightening. For you to suggest that there would be no taper until 2016 when you were literally the only person on this planet who thought this makes it obvious you meant no tightening. If you don't understand the difference, I, or one of us, will chime in and explain the various tools the Fed has at it disposal. Just let me know.
Okay….so the last reported book value was for 9/30 and it was $10.10. SO tell me, how you think CYS has performed from a portfolio standpoint since then. Th e10 year was @ 2.64% on 9/30. Todays it's roughly 30bps higher. What have their assets done? What have the hedges done? The stock was trading at roughly a 20% discount to book value on 9/30. It's snow trading at a 28% discount to the last reported book value. Maybe you know something that is not public. But until we learn that managment has destroyed 28% of book value this quarter I'd say you have no right or reason to complain. Maybe you were the idiot to own the stock?
Seems to me that regardless of how much cash you get versus how much stock you get, the entire $2.35 is taxable income. I'm not so sure this is shareholder friendly given that a big chunk of the $2.35 has to be a return of principle. I'd like to know more as the why management is doing this. IRS reasons? Thoughts?
Plus he's hung like a horse. If I was as naive as many I'd suggest that maybe the SEC should have a chat with him to determine his sources of early information. But then as we all know, the SEC could care a less about such activities.