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She isnt complaining yet so Im going for the extension. Ha Ha this baby has alot more room to run!!!
You're almost doubled on the loan.
https://finance.yahoo.com/news/edited-transcript-nymt-earnings-conference-012116623.html
" will now move over to Slide 6, our overview section. As of March 31, 2020, our investment portfolio totaled $3 billion, and our total market capitalization was $800 million. As of last night's close, our total market capitalization had moved up to $1.1 billion. Today, our investment portfolios are 100% focused on credit strategies, choosing to manage our strength of asset management in both residential and multifamily, while reducing our dependency on mark-to-market leverage. We have 57 professionals employed across 3 offices, all working from home since March 13."
"On March 23, we stopped meeting margin calls and began discussions on some form of forbearance relief from our securities lenders. Over the course of the next 2 weeks, we sold over $2 billion of assets, including 100% of our Agency portfolio and 100% of our Freddie K PO portfolio, reducing our securities repurchase borrowings by over $1.6 billion. By April 7, we were able to pay an additional $560 million in repurchase agreements by utilizing a $213 million in proceeds from sales initiated in March and $250 million in increased borrowings from our residential loan portfolio. As of today, the company has 3 lenders with a total outstanding of $1.1 billion in borrowings. We are in good standing with all, and ultimately, we never entered into any formal forbearance agreements. In addition, we have over $200 million in cash and $1.5 billion in unencumbered investments today."
Does this sound like a company that knows what they are doing ... HELL YES!
Ouch, but to be expected
Didn’t last. This company is going down the tubes soon. Isn’t there a lawsuit pending?
No doubt here.
Snagged a couple hundred at 1.70 a loan from the wife!!
Im bummed that I had to watch the 1.50s go by.
I know, But Im completly broke from buying the cheapies the last few days.lol
The percentage of institutional holders is creeping higher.They like to shake the tree as they buy in.Hold on to those cheap shares.
Big buy at the close 212,000 shares. Whales are abound!
Will be helping out here a little as I buy as soon as cash is available on most dips and under 3.50.
I’ll probably buy more as the situation stabilizes.
Down a boat load my self. 7600 at around $4.00 average. Will buy anything under $2.50 as i have funds free up.
Down a boat load my self. 7600 at around $4.00 average. Will buy anything under $2.50 as i have funds free up.
This has been a good stock for me.Im holding tight,.
Ill trade ya. Lol
I just have a starter of 650 shares just to see how it goes. but planning on buying more on the next future dips.
I’ll be glad when the dividends start again.
It sure would make me happy.
Im in hopes it hits 5 or 6 bucks anyway.
I’m still down a boat load but it’s nice to see it finally start to move in a positive direction.
Got my ticket last week. 2.04. Been holding tight Let’s get it.whole lotta shorts to squeeze tomorrow and Monday. Glta
I'm still here with you all! keep loading up! $$$
Just loaded up!!! Getting ready to go big
$NYMT up .12 in the pre-market.
$NYMT watch close for news...
+$$$ NYMT
Results posted; targeted for additional trades.
* * $NYMT Video Chart 04-09-2020 * *
Link to Video - click here to watch the technical chart video
Adding for nice bounce in AH and PM monday...$NYMT
$NYMT so manipulated by shorts, margin calls, and pump and dump and insider knowledge who take advantage of all these ups and downs. very shitty unsafe stock should be investigated! many people have got hurt!
I am up huge on my entire portfolio of REIT's and energy stocks
Yup the spark that initiates the squeeze...Should run real good next week...
$NYMT easy doubles from here
2,70 got sold
That was the news I have been waiting for!
$NYMT Fed releases $2.3T loan program to help economy https://www.teletrader.com/fed-releases-2-3t-loan-program-to-help-economy/news/details/51814370?internal=1
NYMT and MF*A going to be huge movers next week....
The this downturn was not due to core substance, simply coronavirus fear...
Nice...You saw it coming also $NYMT...
Whooo Hooo I loaded on REIT's and energy stocks during the crash!
* * $NYMT Video Chart 04-08-2020 * *
Link to Video - click here to watch the technical chart video
NYMT my favourite little beat down REIT with 200 million cash and massive assets. Very different time than 2008. Asset backed mortgage are much safer than dirty mortgages. We learned from 2008. Boom tomorrow
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