tom mustric

Annaly Capital Management Selloff Overdone

Your confirmation that Cramers sold out his Annaly Capital holdings was a surprise to me. He told us, his viewers, about a three weeks ago not to buy NLY that its dividend may be in trouble. Earlier, a year ago or so, he stated that NLY "cheated" him and he lost money, not to buy it again.
Before his recent buy, he neither disclosed that he owned NLY nor told use he bought it after his grace period opened for him to buy.
He has a good heart, but his decisions may mislead his investor crowd, who have not paid to know about his trades.
He did the same thing with GM about a year ago, not to buy at 16, as it shot up. He told us that Ford management would cheat us, not to buy, and it shot up to 12 from 6ish. Anyway, he told us at his first shows to watch him for a year and a half before we started to buy stocks. He is a complex person.
Thanks for confirming my guess of his decision making processes vs. what he tells his viewers.
I believe too that NLY will increase its dividend because of the large volumn of business the new company NLY bought last year is performing, as I understand it is strong.
When does NLY report earning next?
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