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NYMT no stopping this little asset strong Play
These REIT plays are going to be easy money flips.
Bought some 2$ for 2,70 tomorrow
News on Seeking Alpha today!
Mortgage REIT rebound persists after updates soothe investors
Mortgage REITs continue to pull up after recent reports from Annaly Capital Management (NLY +26.4%) and New York Mortgage Trust (NYMT +48.1%) indicate that liquidity is stabilizing.
iShares Mortgage Real Estate Capped ETF (BATS:REM) gains 15% in late morning trading; the ETF sank 64% between March 10 and April 3, then recovered 18% on April 6 and 7.
Ellington Financial (EFC +69.2%) soars after disclosing that its book value per share only lost 17.5% during March and that all its margin calls were met.
Other mortgage REITs rising strongly: AG Mortgage Investment (MITT +40.3%), Cherry Hill Mortgage (CHMI +20.5%), Invesco Mortgage (IVR +25.8%), MFA Financial (MFA +30.4%), and Orchid Island Capital (ORC +25.5%)
https://seekingalpha.com/news/3559375-mortgage-reit-rebound-persists-after-updates-soothe-investors
44M share offering $6 on FEB 10
this has plenty of room to run
https://ih.advfn.com/stock-market/NASDAQ/new-york-mortgage-NYMT/stock-news/81717129/new-york-mortgage-trust-announces-pricing-of-upsiz
NYMT morgage sector running...huge move coming!!!
NYMT morgage sector running...huge move coming!!!
With this mornings news I suspect we will see $NYMT having a very bullish day.
Happy its bouncing back, but makes me sick to my stomach at the same time. Bought 3700 Shares in $4.50 range on the way down.
And the stock just went straight down into the gutter, lol-yikes.
The way this is being traded looks like tree shaking.Im down so far now I might as well stick around and see what happens.Hang in there folks.
Wow, I see-1.97 to 1.28-yikes, margin calls crushing this bankrupt garbage, I'd be pissed too, lol
The problem is that their entire book may be non performing for more than a year. But inevitably some will pay and some wont!
Shorts keeps working to hold this down. It’s not going to break that 1.50 support though. They need to give up.
$NYMT Looks to have stabilized here
US Pre-Market looking very strong this morning.
Looking for a strong week this week! $NYMT
* * $NYMT Video Chart 03-27-2020 * *
Link to Video - click here to watch the technical chart video
Been in this since 2016,This is a great oppertunity.When things clear up the institutional money will return.Right now shorty is in charge.
Loaded heavily a few weeks ago above $4. But averaged down the last few days. Back to $4 next week!!!
Sweet I got in just a few pennies higher
filled 1.97
NYMT
Looks like good news, might be time to load up.
https://www.housingwire.com/articles/ny-fed-buying-mbs-this-week/
$NYMT Fed learned from the great recession that they should have acted more aggressively at the outset. They are applying that knowledge to this crisis.
$NYMT and $M*FA are in the same boat.
keep an eye out Friday at end of the day for cheap shares.
like I have said, anything under 2 is easy money. under 3 is an almost guaranteed double for longs.
Thanks for posting these Clay!
* * $NYMT Video Chart 03-26-2020 * *
Link to Video - click here to watch the technical chart video
I have $NYMT on stock watch
It won't even be close to being signed before Monday.
I wouldn't sign off on anything in it!
The stimulus bill has finally passed. Tomorrow should be one hell of a day. I'm betting this goes over $2 +-...people panicked last week...now that we have stableization, this will move nicely..
4 a.m trading we will see $1.60s. .glta imho
They downgraded from buy to hold
* * $NYMT Video Chart 03-25-2020 * *
Link to Video - click here to watch the technical chart video
maxim upgrades to buy from hold today
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