As long a the US and China markets continue to plunge, no bottom for these shares. NAV is dropping. Look at the decline since China began decline. Short-term (today) this is now below the Aug. 14 NAV and that is a positive. Extremely dangerous to try to catch a falling knife.
Since reaching 23.00 on June 10, CLM has loss 30% of its value in only 48 trading days. In fact, if you view the charts, you will see it fell off a cliff. That percentage decline is about the same as the Chinese markets since reaching their high. Of course, the China markets had over a 100% gain since beginning of year before starting to crash and burn. The currency devaluation is having a big impact on many countries.
Does anyone know why CRF sells for (today) about 1.66 above NAV and CLM (today) sells for only 1.16 above NAV? Since each is losing NAV at about the same rate, why is one fetching a larger premium than the other? Does not make any sense to me.
Since hitting a low of 9.19, NLY has received two upgrades to BUY at Nomura Securities and Compass Point and the shares have outperformed the S&P and Dow over past 45 days. The earnings are also out and management has announced a $2 billion buyback plan. Some other REITs have been upgraded. The recent gains puts the price above the 50-day and the 200-day moving average, a bullish trend.
With the markets plunging 450 points in less than two days, appears the bears are out in full force. Stocks with high PE ratios are vulnerable. Does not appear this bear is going to go away for awhile, so it has to put a lot of pressure on prices. More than HALF the stocks in the S&P 500 are breaking below 50 and 200 day moving averages. Not a pretty sight. Long-term BOJA has a bright future, but short-term more pain may be in the wind. BTW, not good timing for SunTrust upgrade.
Upgrades are solidly green for FSLR. The high target is $81 and the mean $62. Shares have miles to go before they're fully priced. Real bulls are adding at current price.
The changing trend in interest rates will impact borrowing costs for heavily indebted companies and LPNs will have to compete for money. So earnings may take a hit. This worries me more than the falling WTI price. If the trend continues, fear more downside risk in REITs and LPNs.
Shares roared past the 50-day moving average and is poised to pass the 200-day soon. With so many shorts, should provide buying power for few days as the pain increases. As the Rolls Royce of the Solar industry, FSLR should be able to attract growth-minded bulls when they catch up with their due diligence. This could be a nice little hay ride in the coming months.
Shares beginning to look attractive to us as price approaches support zones. Management discussion following earnings was upbeat. Transcript available on Yahoo. May be reaching a selling climax today for the folks who want to get out. We'll be following closely next couple of days.
When one investor puts up that much cash, you can bet that it is based on a good bit of research and knowledge about the security.
All the gold miners, gold funds and gold indexes seem to be suffering the signs of capitulation. People are dumping stocks for whatever they can still get for them. Is this the point of maximum fear, following the periods of greed that so many embraced? Volume is running high in everything we checked. Gotta be a buying period as the selling ends.
At today's share price, nearly reached NAV today at 18.28 (low). Would now look foolish for people to sell if they haven't already taken their losses. Today is our entry point. Should be some recovery before the next distribution in August.
The rapid drop in the China markets feels like a dead cat bounce to me. Or will it turnout to be more like the 1987 Dow crash and bounce back? Would like to know what others think?
Shen16326: MS China A Shares are ETFs. If this is the MSCI China A Shares Small Cap ETF, the total loss is over 29% since the China decline began. If it is the MSCI China A Shares Index Fund ETF the total loss is a more modest 15.5% Investor Relations at Cornerstone Strategic may be able to clarify which one it is.
Now beginning to look as if GEO will test the 29-30 range. If it does in a big market sell-off, the 50% retracement from the five-year high will have been attained. Some of the technical analysts support the 50% concept. Even so, it sure looks like trolling for stripers or bottom fishing to me at these levels.
You are counting all REITS, not only MBSs. Your number includes hospitals, medical buildings, nursing homes, restaurant chain buildings and a great many others. We own or have owned many of these. Some of this latter group have declined less than the financial ones.
Interestingly enough, interest rate yields declined today on treasuries. The 10-year yield DROPPED by 5% to 2.36 and yields on shorter durations also declined. When the rates rose Friday, NLY declined, as one might expect. But falling yield should not be a selling trigger. NLY now sells over 30% below book value of well over $12 per share. Many investors probably would take book for their shares now, if company would cash out and distribute its proceeds. Wonder how many votes we could get for that course of action?
If you will look under inside holders on Yahoo finance, you'll find that officers and directors have obtained shares at higher prices. President acquired 184,948 shares in May at $10.04. My records show her average cost is quite a bit higher if you include complete holdings. A great many other directors and officers hold shares below their purchase prices. We normally don't dollar-cost average in equities, but this is one that we like the risk at today's price. Do your own due diligence! The book value is holding quite well.