No the stock didnt drop because of the insider selling
instead the stock dropped with a sector that was beaten down and cys fell more then most because they are more tied to mbs with less hedging.
mbs gets smoked and so will cys - not because insiders are selling or not - that will impact it of course but it wont outdue mbs tanking which it did in the last 2 weeks.
Soon as mbs stops going down
but for sure some of the p/b has deflated with mbs at the same or higher prices and spreads intact with hedges.
sentiment weakening in this sector as far as what they want to pay - creates good value for managment to buy the shares back as the p/b discount increases -
of course they get paid to wait and do so while longs suffer
Well for sure it moved down because mbs dropped nearly 2 pts in the last 2 weeks
i see wmc hedging up more and so cys is out there on their on in some respects even though they have hedged up a little more.
good value maybe - for sure you will see a great spike if mbs can stabilize and even move up to give it a double pop
or a bubble pop hyuna style maybe
Makes more sense to keep that 2 cents to keep a level dividend if needed by goosing it
you can find money to repurchase shares - so if you can maintain .32 then fine moving forward and just use the extra money but keep some at times to keep the dividend constant and predictable - that will keep people buying
cys signal a small cut likely but would use some of the extra that it made to buy shares and or whatever
they need a pop back in mbs with this divi to make a big move up
oh wmc getting a taste of the nonsnse now - i got long on this dip
but they are changing their game too - they hedged up and protected some here too perhaps - might see cut with an attempt to preserve book like the rest.
so i wont get too much long - got just 1500 now.
they are silly to cut but yes did signal
in stead i woudl have held it so secure a solid pop into the end of the year then cut it next quarter clowns
but hey 17% down here but some book exposure but a known number and its soon - if mbs holds up and moves up then this can run 5 to 10%
well book sure held up
so cmo is 10% and trading at book and its fine
but anh is .72 and still 12% heck let it fizzle to 10% on a cut
if they want
but its just high frequency nothing else
twice it has just exploded up when soneone with the ability to bid and hold the bid forces hft to not only back off but then shift to buying -
anh lost 2% and it was 12 cent divi
but cmo lost 50 cents and 31 cents was divi so anh had better quarter and has much more value
if i was the company - id just take the entire compnay private nad make 15 to 20%
hey 1billion dollars make 200 to 300mil
buy it all back - liquidiate and then re ipo
just all a joke
Dx cut to .27 and if keeps .27 well thats over 12% and all they have to do is declare their divi and its solid like mitt
just a joke
OKAY THEN THEY ALL HAVE TO BE GOOD LIKE ANH
ANH LAST QUARTER LOST 12 CENTS ON ITS BOOK AND THAT WAS ITS DIVIDEND. BOOK IS NEAR 5.89 SO MAYBE 5.75 OR SO
I MEAN ITS THE BEST VALUE ONE REALLY.
SEE THE MOVE LAST QUARTER 4.35 TO 5.20 20 PLUS PERCENT MOVE
DONT SEE THAT COMING BUT 5 TO 10%
THEY HAVE ARMS AND FNMA 5'S ON THEIR BOOKS - HOW WILL THAT GET CLOBBERERD.
ARMS HOLDING UP AND THEY ARE A HYBRID WITH MOSTLY ARMS
MBS ISNT MOVING BUT AGNC JUST FELL NEARLY 3%
THIS IS BIZAREE.
AND THE SSCREEN JUST ISNT MOVING
I WASNT LONG 600 AMTG AND IT WOULDNT GO UP EARLY WHEN SECTOR IS STRONG
BUT THEN I GET SHORT AND IM 3 CENTS IN THE HOLE WHEN THE SECTOR FELL APART.
SO BUY $25K OF STOCK AND IT GOES LOWER BY 2 CENTS
THIS IS A MARKET????
MEANWHILE CMO IS UP UP UP BUT 1 SHARIN THE HECK OUT FO ME ALL DAY AND THATS LEGAL????
JUST A PURE FRAUD THIS MARKET
AND NOW MTGE IS GETTING A TASTE OF IT - JUST PURE NONSENSE.
Agnc and nly and arr are just beingg walked down over and over
i had mitt and added some on the early dip and just dumped it all but only becaus the otehrs are down now - just a strange day - reits strong early then as mbs went towards its highs the sector sold off first and now rates have gone back up .
this is a joke.
some are up like mitt (declared .60), jmi, amtg, dx, two, cmo and two was just up etc.
in fact nearly all were up and then rolled over.
Has nothing to do with the dividend
the dividend is a proxy for their earnings since they pay out as reit
its what they are - to compare to the stock market is nonsense
compare it to the bond market - they are a leverage bond fund
tlt is the 20 to 30 year and not counting dividends its down nearly 20 pts so about 20% mortgages have moved with treasuries and so mreits have been hit.
in 2008 when the market got slammed mreits did okay why? because the bond market held up
so you had the reverse but again mreits have little to do or to be compared to the dow or spy
if bonds stabilize and just go sideways then mreits are fine
if you are short mreits you are simply bettig on rates rising and or their book premium/discount to change etc.
Strange they didnt wait for next year to start - both were sell initiatoins - why not wait - funny agnc and nly shook it off - hope they announce the same as last quarter for now and get a run
but mbs needs to stabilize
Saw them just go stupid like from .80 to .55 range higher dollar while sector was slapped around.
did arr not do the same???? with rates up could be they see jmi made some book gains wtih the pop in rates.
any info on arr - they moved in the opposite direction for sure there and about 10%
jmi cracked back down to reality there today
Its not the caps or lack of but the content
we have some mitt
hopefully stays the same and they run
Catalyst for this sector
daichengo they are up a litle after bell maybe a run coming