Tuesday, July 12, 2011

NLY just did an offering

This is a deal I cant pass up, I just bought 1000 at 18.10. The Vlmp is dropping I sold the penny stocks and got some NLY on margin-- much less risky than developing companies. Maybe next year for speculation in new companies. CIM closed at $3.42 but the rsi is actually going up a little- looks a little scary to me. Credit Suisse considers the book value at $3.23 now.They do give the stock a favorable review though.

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