|Day Low/High||12.49 / 12.67|
|52 Wk Low/High||6.42 / 22.98|
When everyone is piling into a hot stock, try to find the hidden gems.
Never mind what happened in 2013; they're the best options available for retail investors.
There's no rational reason for mortgage REITs to have declined this much.
As housing pattern repeats itself, there are still investment options.
There is renewed interest about the Fed preparing to normalize interest rates.
The rally, while no surprise, does not appear to be maintainable.
The volatility of their prices does not indicate risk to their income streams.
We are in wrong stage of the rate cycle to own it. On Chimera (CIM), I would respectfully disgaree with Lee, and I would sell if I were long. Crappy business and the wrong stage of the rate cycle to own it, imho.
2.4 million shares were put up by Goldman for $2.94 a share. Goldman Sachs puts up 2.4 milion shares of Chimera (CIM) at $2.94 an old favorite but no longer.
Here is a list of items that I'm thinking about as the day get under way. Below are some items worth noting: Barclays' Barry Knapp moves from bear to bull, setting a new year-end S&P 500 target of 1800. As mentioned by Paul "The" Price "Is Right" on...
The mortgage-backed securities market is getting creamed. The mortgage-backed securities market is getting ripped a new one over the last week. Avoid mortgage REITs for now. As I have posted, I am out of Chimera Investment (CIM).
Again, I am out of the name. I have gotten a lot of emails regarding Chimera (CIM). As I recently posted, I am no longer long the name.
Let's review. My look back at the week's daily diary highlights borrows its title from a popular 1960s BBC comedy show hosted by David Frost. On Monday, I started the week by reshorting Yahoo! (YHOO) (after the company agreed to buy back 40 million ...
I am completely out of this position. Housekeeping item: I am out of Chimera (CIM) now.
Let's take a peek at the price action overnight and in the early morning in the more important asset classes. The rundown: S&P futures down 9 handles; Nikkei down 1.15%; European markets down -- a lot of earnings disappointments overnight, including...
The deterioration in mortgage REITS has been extraordinary. The carnage in the mortgage-backed securities market was vividly displayed in Hatteras' (HTS) earnings report today. I have been reducing my Chimera (CIM) long at $3 (or better), and I plan...
I am further paring back this long position. In light of the climb in the 10-year yield, to 2.60%, I am paring back my Chimera (CIM) further.
I cut back my Chimera long and shorted more IWM. I further expanded my net short exposure by cutting back on my Chimera (CIM) long and shorting more iShares Russell 2000 Index Fund (IWM).
Let's review. My look back at the week's daily diary highlights borrows its title from a popular 1960s BBC comedy show hosted by David Frost. I started Monday with the observation that I saw a large buyer in Monitise (MONI.L). (Indeed the shares app...
Taking some of my position off. Chimera Investment (CIM), as I thought a few days ago, has now climbed over $3 a share and I am taking some of my position off. The reason is several fold. Firstly, interest rates are going back up as the Fed is begin...
We have some notes from a presentation at VALUEx Vail. Here is everything you might want to know about Chimera (CIM) from a presentation made at the VALUEx Vail conference recently.