Joseph P. Porter Stocks were up today, but TWO, NLY, CXS, MFA (all mREITs) took it on the chin. NLY .13 from getting punted. AGNC still running strong.
Joseph P. Porter: Bought TWO in the 10's, so ok there. Big hit came from CUR because of secondary release. x-divs coming up, so don't want to sell stuff.
9/14/12
•!Report Abuse
DaLatin: IThink NLY gonna hit my stop.Its gone 30 ct ago.Luv mreits&buy on secondary announcements.Like having a grpn deal ! Got TWO 11.20 on div cut
9/14/12
•!Report Abuse
DaLatin: Sold TWO 17 hours later@ 12.03.The price of these things rocketed & all will consider more secondaries 2 take last shot ot cheap MBS H~grail
Joseph P. Porter: my stop was hit this A.M. NLY punted. It is easier to let the bank pull the plug than to have to sit and make the sell decision myself.