Seeking Alpha
  • Ocean Man
    Panic selling in AGNC, NYMT, IVR... down more than 6%. Some of the other mREITs only down 2-3%.
    10/15/12
    Reply (24)
    • Youngone91: qe favorites are getting burned
      10/15/12
    • Ocean Man: It's funny, there have been SA articles for over a year saying these would get hit if Ben bought MBS. A very slow reaction.
      10/15/12
    • Ocean Man: Looks like WMC just joined the down 6% club too.
      10/15/12
    • Ocean Man: I had been playing the bouncebacks after secondary offerings pretty successfully over the past couple months, but got caught in a couple of
      10/15/12
    • Ocean Man: these. Fairly small positions, but cumulatively noticeable. Probably going to hold, these drops assume divvy cuts and some will surprise.
      10/15/12
    • Master Che: still much more downside to come
      10/15/12
    • 1980XLS-2.0: I love panic selling
      10/15/12
    • Master Che: its simply profit taking..on an over valued stock..The other falls when SPG breaks down
      10/15/12
    • Master Che: other shoe
      10/15/12
    • Master Che: only NYMT is not absurdly over valued..but SPG is a joke
      10/15/12
    • jwill53: watching the blood-letting and no money parked to take advantage.any anticipation of a late-day recapture of some of the loss?
      10/15/12
    • fire0nice228: Om are u holding nct and abr or did u cut and move on..
      10/15/12
    • msapp: IVR wasn't downgraded like some others last week
      10/15/12
    • neobliviscar: Added 2500 more $6.30. Total of 12500 NYMT. Avg cost $6.495. Willing to ROTH hold 100kUSD = 15k-16k shrs. Holding ABR, but lower conviction
      10/15/12
    • JayWright: got into AGNC under 31 today. looking for a bounce back.
      10/15/12
    • JayWright: got into ABR on secondary ($5.68). down a bit but i will wait as long as i get divy.
      10/15/12
    • Ocean Man: fire - I'm still green on NCT. Down 2% on ABR. Holding.
      10/15/12
    • neobliviscar: At sub $6.50, even should NYMT slash div 40% it would be yielding about 10%. Going off what they hold here & conversations with people in
      10/15/12
    • Master Che: On NYMT today's move down was a bit over done
      10/15/12
    • neobliviscar: this area on Friday night, I doubt div will drop under 13-14%. Works for me, though I'd feel best if I could enhance yield selling options.
      10/15/12
    • Ocean Man: Some of these have bounced back a percent or two, but WMC just re-gained the whole 7% it had dropped today!
      10/15/12
    • Master Che: WMC - I don't follow it . I'll take a look at ..AGNC must get back up above 32.95..otherwise its vulnerable to a free fall (23/25)
      10/15/12
    • Master Che: I'm surprised with SPG; of all the REITs its the most over valued...bounced back and in the green..well its the bellweather of the REITs
      10/15/12
    • fire0nice228: Thanks OM, please keep me in the loop on NCT/ABR
      10/15/12