ARMOUR Residential REIT Inc (ARR)

[johnsyn]

ARR is 20% below book value which was pushed down over a month ago by fed remarks and following interest rate hikes. Very little has changed since the financial date.
mREITs adjust according to the times. My average is well below present pps. My money, my decisions, and I'm no fool, nor take advice from people who have done poorly in the market and thus believe they are experts in the market. People who lost their butts in 2008 try to tell the world to stay out of the market and never invest in anything. mREITs are labeled HIGH RISK. Any one can see that on the front end without any effort whatsoever. But if I lose on a sector or even a stock- it all has to do with timing. Another day or another quarter could be a total different story. My bet is on the housing market. It may take a few more years to actually recover, not just in spots and figures used to make it look better country wide. But gov't backed mortgages are going hot and heavy right now, and if one chooses not to pay 20% down, they are forced to buy mortgage insurance. The sector adjusts.