lowtrade

[lowtrade]

Wouldn't add to an existing divvy play at NYMT now, for 2 reasons. First you want to add to a dividend play when price falls below your basis price. That lowers your basis and increases your ROI. Adding above your entry price, decreases you return. Second, of the 4 you mentioned, NYMT has the largest short position right now. 8% short; so a retrace could come soon and I conceder 10% large enough to cause a nice short squeeze. So I'd be watching for a strong retrace and only add if it happens and gets below your $7.18 basis point.

As for the others, there fine for a new position. But as with all dividend play entries, I recommend buying on a retrace bounce, buying op! There just slightly above the last buying op retrace now and all 3 are around 4% shorts. Average.