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Started By
Message
Who bought CIM below $10
Posted on 3/26/20 at 9:18 am
Posted on 3/26/20 at 9:18 am
After profiting from SAVE, I added on the first dip at $10.98 this morning.
12.82 a few minutes later
12
Posted on 3/26/20 at 9:20 am to bayoubengals88
Should have
Posted on 3/26/20 at 9:23 am to bayoubengals88
If you sold, great! Otherwise I wouldn’t count anything in this market! We’re just as likely to be back at $8 by tomorrow
This post was edited on 3/26/20 at 9:26 am
Posted on 3/26/20 at 9:23 am to bayoubengals88
I already had $CIM but lowered my cost during the dips.
Posted on 3/26/20 at 9:28 am to C
quote:
If you sold, great! Otherwise I wouldn’t count anything in this market! We’re just as likely to be back at $8 by tomorrow
I can’t disagree with this.
Posted on 3/26/20 at 9:31 am to bayoubengals88
Almost out of the red 
for now
for now Posted on 3/26/20 at 9:34 am to jimbeam
I’m nowhere close! Most of my buys were from 18 to 19.50
Posted on 3/26/20 at 10:01 am to bayoubengals88
Averaging at $10.69 a share. Don’t have a ton of shares though.
Posted on 3/26/20 at 10:06 am to BZ504
Bought at 10.57 on the dip and a few Oct 18th $9 calls. Been a good day lol
Posted on 3/26/20 at 10:19 am to bayoubengals88
I got in last week at $6.99
Posted on 3/26/20 at 10:19 am to bayoubengals88
I bought Carnival at $9 and Royal Caribbean at $31 and it’s up to 18.44 and 47 respectively right now. Feels Goodman.
Posted on 3/26/20 at 10:20 am to BZ504
Bought a chunk around 8.50 and sold out around 10.50 a few days back. I sold everything on 10% short term gains. Market hasn’t looked back and got me wondering wtf is going on lol
Posted on 3/26/20 at 10:31 am to Athletix
quote:
Market hasn’t looked back and got me wondering wtf is going on lol
Stimulus bill is a huge bailout for someone like CIM who has leveraged real estate exposure.
People with no money don't pay mortgages.
People with even limited money (e.g checks + expanded unemployment) pay mortgages
If stimulus/gov are committed to giving a bridge, companies like CIM all the sudden aren't in risk of underlying asset value deterioration
Posted on 3/26/20 at 10:32 am to GenesChin
quote:Bingo
If stimulus/gov are committed to giving a bridge, companies like CIM all the sudden aren't in risk of underlying asset value deterioration
Posted on 3/26/20 at 10:37 am to Chef Free Gold Bloom
quote:
Royal Caribbean at $31
Got RCL last week at $28 as well
Posted on 3/26/20 at 10:39 am to Indefatigable
quote:
Got RCL last week at $28 as well
32 here. How long you cruising with RCL? What’s your exit point?
Posted on 3/26/20 at 10:41 am to GenesChin
And ultimately I think this is what I need to understand and most of us need to understand. The fed is committed to pumping this economy with $$. We may not be able to call a bottom, but I’m feeling more confident that we’ve seen it or at least won’t blow past previous lows. The virus news is gonna get much much worse, but that really might not drive us down much further.
Posted on 3/26/20 at 10:42 am to Athletix
Speaking of exit points what’s everyone thinking with CIM? We thinking it’s going back to the low 20’s? Or we bailing before?
Posted on 3/26/20 at 10:45 am to GAFF
Posted on 3/26/20 at 11:11 am to GAFF
I’m in it for the long term. It’s a diversification thing vs short term profit. Lowered my cost basis and will enjoy the added dividend assuming it doesn’t fold.
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