And bought each dime down and got 1500 extra at .46 out all at .60 and rebuying the dip - i dont want any big positions into divi declares
however, i did sell 3600 shares of wmc at the closing price premarket (there was a big order) and i got out of all of it at .68 so .93 - .68 is .25 for 3600 shares - so that was easy thousand.
mbs was down big and wmc at the close. - thanks.
i am long 2500 cys now looking for a 10 cent pop but it will all depend on mbs
wmc im flat and looking to sell up at the 15.93 to 16 range
so doing just fine
what i did notice is mbs slammed adn still near worst levels but mreits 2 to 3% off their lows - divi declare soon and p/b discounts are big - good risk reward - so im net long 50 to 100k - looking to up it to 300 to 500k but not until mbs stabilizies and ill use rem much more then anything else for now.
scoop it was up near 18 sure big run but it beat big and raised the divi (not much and low yield but they produce)
once you know the freaking dividend
why??? because nite is fraudingg it
hey mbs up and mreeits if you are long stink
but only the ones you are long
at *undefined* because the job seekers will be zero - as in no one trying and the unemployment rate equal "undefined" for the first time because things are so good
yeah sure klumps
THE ENTIRE SECTOR HIT
STINKS THAT FSC DIDNT SHOW SOME RELATIVE STRENGTH BUT OTEHRS DOWN 2 TO 3% AS WELL
SO SECTOR DRAGGED IT DOWN.
Big utilites moved down more and water stocks blasted
but of course some names held up better
ivr buy back after bell they was buyign it up 2% higher how stupid.
and jmi went to teflon status while the sector slapped down
what a scam
but that was about 2 weeks ago - it ran wild somewhat but sector did too
little diff of coruse then the bdcs, but its a taxi bdc - look for 16 as a starting point to be conservative
tthen race back to 17
to prevent it from also coming in one day and hitting your stocks when you are long
fraud is fraud not its fraud just cause your longs dont go up.
tell your broker to stop internalizing all transactions and selling the flow to nite and ubss
like i said
any worries about the nomination of mel watts to the sector? or is that just nonsense - they changed the filibuster rules and the talk was to get this guy passed through?
wmc isnt above book - but soon it will be if mbs keeps falling
but wmc also (this is for jack) has moved some to 15 year and has increased hedging - they too are protecting BOOK (or their management fee) - call it what you want but they seemed to make statements that they believed rates are going lower but if you believe that then why the shift and adding hedges????? or did that just happen from runoff or such.?
fears about WATTS nomination perhaps?
or one last hit down attempt before the long and chase up into end of year?
trying to lean net long on this dip but they dont want to make it easy.
utilities rally 1.5 to 2% but mreits laugh and sit down
its called now and then maybe forgiving underwater loans and hitting premium to pars????
why are there 2 thumbs down?? how stupid
good buy - and the reason it was down was the same monster cheat was pushing It down to load up long like he did in nmfc - check nmfc price action for similar action after they declared earnings that beat. now look at nmfc and you will see what tcpc most likely will do too
Last i look treasuries are moving sideways.
but like the clowns on tv with an agenda - rates are rising ? really tlt has gone up 3 pts off the lows but rates are rising when bonds prices have moved up and are going sideways.
For sure if it looks like the sector is nice and range bound which it seems its back to that
perhaps the fed is puttig in a new floor - cant say for sure - maybe those that get paid to see it hold or break will do so more dutifully this time around.
Dont forget to drink your ovaltine.
i was net long $100k overall in the mreit sector
i was short 3k shares in wmc coming into the day.
i have lots of rem for now as the temp holding to get away from individual name risk.
Ill look for a good entry in the sector on dips and more so on dips where mbs doesnt dip and if wmc happens to show value ill get long - i have -2500 left and i traded out of cys for 7 cents on 3k having added 1200 early - rebought 500 at the close and will just trade a little more and wait for some data in the sector - working to trim and get some data first.
but for sure - i think low risk entries are there in the sector and lets treasuries and mbs give you some clues.
if mbs tanks wmc is suspect if it holds up and ill yell to sell it and you will see it roll over eventually just as you are seeing efc do so
i yelled for rso long to efc short and that paid up 2.5% in a few days and i think it has more but i took my profit (mtge board)
and its hft 70 to 80 just quikcly - so lets see ha ha justa joke