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
most stocks are scamming up holiday style - im loading up fsc
if yuo want to give me 20 to 30 cents ill take that over and over
but i see fsc as a jan stock once they see the .083 in front and something that is declared 5 to 6 months out already - sure work out just fine
even mcgc is crushing some others and mcgc wasnt good.
hey hts at 4 bucks i mean thats how silly you sound
and i would have to say you are correct - too many longs just cheerlead
however over the last few months - the action is much more sideways - will this continue - sideways action seemed to break down in agnc and nly earlier this week - but overall that seemed to be more of valuation to book not book erosion - so that can changed up and down.
sideways for mreits is really the ideal situation in my opinion - buy the dips and sell the rallies and collect dividends too - until rates and mbs move up (and slowly will be fine) but until they move up quickly i dont really see your shorts working out as they did in the past few months say q2 to 1/2 way into q3
sell the rallies and you should conitnue to profit the same ways longs probably will be good buying dips
but when you cover your short for a few dollars profits -reality is you made money versus a silly long telling you that you have paid a dividend as if it happens every 1/2 hour.
we have 18k left shed some there
screw these cheaters.
when you hit down then odd lot the offer it means one thing - im loading up and getting paid cause its a fake hft interday fraud move (not intraday)
sure they are.
sell that #$%$
heck pflt beat and is better and they are below book
CAUSE THE SELLER WASNT SELLING - HE WAS STACKING OFFERS TO GET LONG
AND THERE ITS IS MAGIC 17 + .36 + .05 SPECIAL EQUALS 17.41 OH AMAZING
Short term you can see divergences in action and ill bet against that and it paid off yesterday - i bought agnc and nly (got hammered being long them already) but i added and shorted names that didnt including adding 3k agnc and shorting 3k mtge and adding more nly and shorting ivr.
i want short term divergences that dont make sense - but if mbs is heading down and wmc heads down with it - well that makes sense to me and i dont see value there - instead if you think mbs is set to rally then yuo can bet that - but thats not what i look for.
Well and it did move contrary but wmc coudl just have easily been the one hit down 5 to 8% and your rational would have said either something that im being told is false - as in maybe wmc is deceiving you or their asset value didnt go down with rising mbs and thus there is value perhaps - so if wmc was blasted down to 15 or 14.50 - yesterday - do you dump it in fear or do you add - and that dislocate happened yesterday - i added to nly and agnc and this time made it work overall between yesterday adn today totals - doesnt always happen but again this could happen to wmc - and you saw a glimpse yesterday on the mini hit down - turn that into a big hit down and you are faced with a similar question you have posed but now to yourself
happy holidays to you also.