Chimera up big on heavy volume


The mortgage REIT sector (REM +1.5%) takes a breather from heading south today, but it's a low volume effort, with one exception. Chimera Investment's (CIM +3.3%) volume of 22.7M so far this session compares to an average of 6.8M. One trader observes it's the 3rd consecutive session of heavy activity for the stock.

Investors still await audited results for 2012 from the company.

Related ETFs: MORT, MORL

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Comments (5)
  • batitude
    , contributor
    Comments (120) | Send Message
     
    Looks like CIM closed up .11 with 25M shares traded. I would say that 4X average volume with no news means that somebody knows something...
    9 Dec 2013, 04:03 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2863) | Send Message
     
    Yep this looks like one to watch
    9 Dec 2013, 07:52 PM Reply Like
  • northhills24
    , contributor
    Comments (1745) | Send Message
     
    Leon Cooperman took a large position in Feb 2013- .. he is someone I would follow for sure.
    9 Dec 2013, 04:10 PM Reply Like
  • nick 9132
    , contributor
    Comments (85) | Send Message
     
    Annaly is going to buy them.
    9 Dec 2013, 08:33 PM Reply Like
  • joeytheghost
    , contributor
    Comments (43) | Send Message
     
    I avoid stocks where management dosen't seem to know the numbers; having said that today's pop may be indicative that financials will be put in order. Isn't it ironic that after Goldman-Sachs put a "strong sell" on agency mreits that they seem to be doing nicely.

     

    Have a long position in WMC and EFC, I am expecting a special dividend from EFC.
    9 Dec 2013, 09:22 PM Reply Like
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