Annaly Capital Management, Inc. (NLY)

[jugs]

For my board family members:

Just took a fresh position in NLY in premarket. Rida Morwa, whom I deeply respect, has an article on it at Heaping Crappers. I've not yet had time to read it but I've been in Annaly numerous times over the years, tend to get out when the recession fears and economny excitement subside. It's always been nicely profitable for me. This occurs when the economy finds stronger footing. The reverse spells my reason for jumping back in right now---whether we are actually looking at a recession or not isn't material to me. But that so many people are running in fear of one yells at me, "BUY!"

So I took a 1,000 share position in premarket---paying $9.19. Cash is tight so I may be unable to add more at this time but will explore further. And I want to read Rida's article for sure as he's really great.

Hope you give this some thought while the getting is good.