ynlvr LSU Fan Baton Rouge Member since Feb 2009 770 posts
re: What Up MB?/Current State of Affairs (Posted on 11/13/12 at 2:15 pm to greenhead11)
Dumped NLY at peak but held on to AGNC all the way up and now down. Fricking Fed killed the cash machine.
Scared into inactivity. Sitting at about 40% cash hoping to read the tea leaves right for entry. Looking for a sharp drop to signal a buy. But I'm also expecting lift off when Washington makes a deal. Too much political intervention causing symptoms of schizophrenia in this investor.
re: What Up MB?/Current State of Affairs (Posted on 11/14/12 at 1:34 pm to ynlvr)
I should have seen it coming honestly. MTGE who is more of a hybrid REIT is getting hit today. Both of these I use as cash generating machines. I need to do a litte research but I'm starting to think NLY at $14 is overblown