Seeking Alpha
  • 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.
    9/14/12
    Reply (6)
    • DaLatin: NCT EFC RSO ARR NRF were o/k CXS was flat. Sold TWO in 12s. NLY sold while back. Conservative when all buying leverage
      9/14/12
    • 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
    • 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
    • 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
      9/14/12
    • DaLatin: NLY way below 17.25.. Stop hit
      9/17/12
    • 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.
      9/17/12