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Started By
Message
CIM Owners
Posted on 4/30/20 at 3:55 pm
Posted on 4/30/20 at 3:55 pm
Are you still continuing to invest at current levels (in the $7/share range)? Thinking about adding to my position to lower my adjusted cost basis. It took a nose dive for two weeks across mid-to-late March, but appears to have stabilized in the current range for most of the month of April.
Do you think this is the bottom for CIM? Dividend appears to still be in tact as far as I can tell.
Do you think this is the bottom for CIM? Dividend appears to still be in tact as far as I can tell.
10
Posted on 4/30/20 at 4:29 pm to skewbs
Dividend was cut by 40% I believe. I hold too much in my portfolio to risk more. The price shows there is still tremendous risk for this going bankrupt.
Posted on 4/30/20 at 4:57 pm to skewbs
I originally bought at 9+ and I've bought more in the 6.50 - 7.25 range, almost sold it all yesterday 
Posted on 4/30/20 at 6:51 pm to skewbs
I would cut my position if I wasn't so far in the hole with it.
Posted on 4/30/20 at 10:38 pm to WM88
This is one of the very few cases of me buying too early in March. All the other stocks I bought in March are in the green. This turd I got at $14 and then I bought again at $7.95 to DCA, so I'm down 35% or so. But, out of about 15 different stocks I bought in the last 6 weeks this is the worst of it and I didn't go too big in.
Posted on 5/1/20 at 10:43 am to Sho Nuff
quote:
This is one of the very few cases of me buying too early in March. All the other stocks I bought in March are in the green. This turd I got at $14 and then I bought again at $7.95 to DCA, so I'm down 35% or so. But, out of about 15 different stocks I bought in the last 6 weeks this is the worst of it and I didn't go too big in.
I'm in almost the exact same position as you. Bought at approximately $13.8 on March 17th right in the middle of it's tumble. That week continued to be brutal immediately after my purchase. I haven't thrown any more money at it since then to DCA down a bit. That's my decision now... as well as continuing to hold to see if we see some improvement. It's not looking good though.
Posted on 5/1/20 at 10:58 am to skewbs
I think there was an earlier thread about CIM risk. Large mortgage exposure.
quote:
We are a publicly traded real estate investment trust, or REIT, that is primarily engaged in the business of investing in a diversified portfolio of mortgage assets, including residential mortgage loans, Agency RMBS, Non-Agency RMBS, Agency CMBS, and other real estate-related securities.
Posted on 5/1/20 at 11:06 am to skewbs
I hold some stocks but havent bought more but I've been option trading CIM with very good success, betting that it would bounce back from 6-7 and drop back down from 9-10. Luckily I exited my $8 calls at perfect timing earlier this week... sold my positions for 100% gains.
Posted on 5/6/20 at 9:20 am to C
Sold out this morning and secured about 20% profit.
Posted on 5/6/20 at 9:34 am to skewbs
Nah. I got a good bit when it was below 7 to bring my average down to just under $10. Just going to hold and forget for awhile. Not dumping more into it.
If it gets anywhere near 10 in the short term I will probably offload it in full.
If it gets anywhere near 10 in the short term I will probably offload it in full.
This post was edited on 5/6/20 at 9:35 am
Posted on 5/6/20 at 10:54 am to JayDeerTay84
DCA is around $16
I’m doing this right, huh?
I’m doing this right, huh?
Posted on 5/26/20 at 9:03 am to skewbs
Are you guys still low on this stock? I’m even on it at the moment.
Posted on 5/26/20 at 9:20 am to BZ504
Up 11%. My cost was $7.46. I only have 50 shares, so I think I will just hold this one for a bit.
Posted on 6/2/20 at 1:03 pm to C
I missed this last week but looks like CIM is maintaining their dividend for the 2Q of .50. I guess we’ll see if they reduce it in the 3 or 4th qtr
Posted on 6/2/20 at 1:05 pm to skewbs
I got in at $6.67
Not gonna talk about getting into earlier positions at $21 or $15.
Not gonna talk about getting into earlier positions at $21 or $15.
Posted on 6/2/20 at 1:12 pm to deeprig9
It moving today
Posted on 6/2/20 at 2:26 pm to Brettesaurus Rex
quote:
Sold out this morning and secured about 20% profit.
I did this last week. I'm not going to let those funds sit and do nothing for me right now. Too many opportunities.
Posted on 6/2/20 at 2:38 pm to tduecen
quote:
It moving today
Yeah, slowly inching up to 30% of the money I have into it.
Posted on 6/3/20 at 7:24 am to deeprig9
I've added enough on lower end to offset the shares i bought over 20 now. Think I'm up 4 or 5 bucks. Going to dump today.
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