Orchid Island Capital Inc. (ORC)

[Scotttrader80]

ORC usually does a .20 cent pullback begining next week. Keep your powder dry. Sometime the low $10,00's will show up. Over the summer it was the middle $9.00's but I feel the recent variables will keep ORC from seeing those bargains again. New base is $10.00ish as ORC pushes towards $11.00

These past two quarters they showed losses due to the Fed rate raises, all of the REITS did. Now that the Fed has suspended the remaining rate raise for 2017 but determined to spread the remaining .50% raise in 2018, REITS may not post those same losses. If that happens and Trumps corporate tax decrease the bottom line of every company will be a little rosier.

You gotta watch ORC in the next 10 days especially around the next divy announcement, thats usually when it dips the most