Two Harbors Investment Corp (TWO)

[kentonmag1]

The drop in share price doesn't work out to bad as the last dividend is payable on the 22nd Oct. I am in their dividend reinvestment plan (DRIP) so the lower the price on the 22nd Oct, the more shares my dividend buys. In a way it's a win win scenario.
There was a drop for a couple of days after the lower dividend of 36 cents was announced but since then the share price has hit all time highs so I don't think yesterdays drop had much to do with the previously announced dividend. Reading a couple of bloggers on the stock and they mentioned there was some gapping on levels of support below the share price so a couple of market sells could have dropped through those light threshholds.
Anyway some good consolidation again today and until we can see some major moves on mortgage loans and higher costs for borrowing i don't see to much to be worried about with TWO in the next 15 months.