TraderMetBfOil

4 Comments

    • ON: Thu Mar 13th 08:42 AM
      Commented on:
      Freddie Mac CEO: Home Price Drops Only 1/3 Done
      In current environment, it is best to short REITs such as Annaly and Chimera.

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    • ON: Tue Mar 11th 14:04 PM
      Commented on:
      Mortgage REITs Rise From Ashes
      The losses for the coming two quarters will be ugly for CHIMERA AND ANNALY. Wachovia analysts estimate that the share price of ANNALY could be down twenty percent when it reports the new quarter result. Citigroup reiterates the 'Sell' ratings for ANNALY AND CHIMERA.


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    • ON: Fri Mar 7th 14:34 PM
      Commented on:
      Jim Cramer's Mad Money Lightning Round, 2/6/08: Chimera is for Real
      Interesting, tell you a fact - here on wall street most of the MBS.. mortgage pass-through certificates, collateralized mortgage obligations, agency callable debentures, CDOs, Mezz, hybrid adjustable-rate mortgage-backed securities today have impairments ranging from 15% to 60% (Market Value). Structured or packaged MBS have been dumped by the top 8 investment banks as fast as possible to AnnalyNLY, Carlyle and Chimera alike during past 10 weeks. Most senior analysts expect NLY to have new announcement (margin call or write-downs) before Apr 25, 2008. And the worst is the unrealized losses among small REIT players. Personally I shorted several REITs in the water...

      here hope your investment principles do not have such impairments... , well, when you piss against the wind, you'd better look out for the cleaning bill :) ... - GSer


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    • ON: Fri Mar 7th 14:27 PM
      Commented on:
      Mortgage REITs Rise From Ashes
      Interesting, tell you a fact - here on wall street most of the MBS.. mortgage pass-through certificates, collateralized mortgage obligations, agency callable debentures, CDOs, Mezz, hybrid adjustable-rate mortgage-backed securities today have impairments ranging from 15% to 60% (Market Value). Structured or packaged MBS have been dumped by the top 8 investment banks as fast as possible to AnnalyNLY, Carlyle and Chimera alike during past 10 weeks. Most senior analysts expect NLY to have new announcement (margin call or write-downs) before Apr 25, 2008. And the worst is the unrealized losses among small REIT players. Personally I shorted several REITs in the water...

      here hope your investment principles do not have such impairments... , well, when you piss against the wind, you'd better look out for the cleaning bill :) ... - GSer


      View article »
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