Reminds me of when directors mentioned they added shares the last two times.
not saying its going higher - i sold into this rally a few k shares - but seems odd on no news.
probably insider buying data comes out tomorrow or fraud early divi release
Just crazy that kfn is his top pick - because their last number was just disgustingly awful - im sure leon cooperman is glad that his buddies at kkr bought it out for him.
what a joke.
a .32 divi there is a 65k share bbid at 14.85 so thast basically 15.10 but it sucked so badly at 14.10 really???
and pays you the bback way.
same behavior in taxi - just slap bids out an over and over dark pool prints to really get long and then the dollarr up move is comingg.
thats got low leverage and diversified ill buy dips there.
but for sure a good setup coming is mitt - it ran on all and has the goods and now as all others run - start stockpiling in mitt and shedding the others (mtge not included cause thats way down too) but sell the rest and watch for their 5 to 8% rollover. to mitt which just fell 2 to 5% to many after its move by just not going up today alone.
Mtge low p/b and sure might cut the divi but others have too and they are running on mtge.
long mtge, add some wmc dips and mitt and short the rest
amtg, ivr , some cys if mbs is weak, small two, and slowly selling nly if it raliles
for sure mitt is better then amtg and after the amtg divi it will roar on it
money flow out of mitt and its dead now then amtg will be done too
ivr too and ivr is up near .83 to .84 if you strip the divi mitt neaer .80
ill take mitt.
GOBBLE IT UP
but not for end of year - with mbs down nearly 2 pts that might be giving this stock some pause.
hey im the babe ruth of mreits - im calling my homerun here - 5 cents for life
SHOULD HELP TO SHOW just how much they pushed towards hedging.
did you adjust for 15 cents in arr divi 3 months of .05
either way its still up there.
my guess is the way wmc is holding up they have shifted to preserve more and didn't really believe in their no taper statement - there has to be more hedging and lower yielding like 15 years on their books - its barely moving to the downside unlike cys even when mbs gets spanked.
cause they bought 500 mil shares I gues ha ha
actually mtge rallied into the close and agnc fell from .25 down 50 cents
while mtge rallied
still mtge has room to go
YOU MIGHT BE - to think that declaring a divi for the full year smells of anything except nonsense.
the whole concept of an mreit being hedged up is the joke - they were long and nothing else and now scrambling to cover their defeciencies while they collect millions in fees as "managers - yeah managers" sure.
they didnt add back in the movement of mbs since end of sept.
but now mbs is down near 2.5 pts from the highs and spreads are about the same from quarter start maybe a little tighter
divi run will happen sooner or later but they are gonna get spanked on their high p/b unless they really loaded up short tba or such.
at least jmi should be better if you can believe they are tapering because things are good and their non agency.
im long/short mreits and well when there is nonsense you have to call it out even if you are long or short arr or jmi
i stay away from jmi short because short borrow costs can spike to 90% annualized and squeeze you out - for sure jmi on big dips when p/b gets closer to arr is the better long if you want to be long arr or jmi - you saw jmi run about 10 to 15% on arr not long ago and then blast down a little after jmi scampered out.
i mean if they can call fy14 why didnt they do it for fy13 oh wait cause their divi got cut and cut and cut and cut because they suck and suck ad suck but for sure at .70 p/b (though mbs down will make that more like .82 to .85 p/b currently i would guess) you have to be careful of a big arr pop on mbs raliles at any time - not 1 or 2% but 6 to 10% moves that can clobber you short at times.
so they hedged up big time
16.76 at end of november but mbs is down about 1.25 pts more so maybe some pressure there unless they just put the clamps on the hedges
its on the move up 80 cents now
darn i had 3600 and only 600 at the end of the day as it held up.
give em back
and now we are down about 1.25 pts more well then they are getting it done
maybe the sector is realizing that they just need to be less levered and spreads are widening and they can make something suitable for less risk but that less risk will prevent book from collapsing
for sure if their book is accurate as an estimate wmc is way better and ill give em that for sure now
but book not budging tells me they hedged up for sure contrary to what they said the would do so lots of changes after you read the conference calls in the sector .
oh well up it goes.