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I started a new position yesterday: Annaly Capital Management (NYSE:NLY). This is a REIT with a huge (over 15%) dividend. This is a play on an improving housing market, because NLY is in the business of buying distressed mortgage securities.

I also added to my Netflix (NASDAQ:NFLX) position yesterday. The stock was down for no reason, again. Now it's probably the information that box office receipts in 2009 exceeded DVD sales. But Netflix is not in the business of selling DVDs, it's in the business of renting them.


Full disclosure: At the time of publication, the author had long positions in NLY and NFLX. Positions can change any time.

Source: Started Position in Annaly Capital; Added to Netflix