Replies to post #503 on Orchid Island Capital Inc. (ORC)

[leftovers]

with this stock you can do both if you have a large enough core position. This has daily swings of 10 or more cents quit often!
GLTY

[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

[Scotttrader80]

I got some this morning at $10.08, the $10.05's didnt fill and thats ok. From here ORC will begin to rise as we get closer to the X date which is a week away on 10/30. This is ORC's monthly cycle, if timed right, the lows always present themselves a week before the X date.

Purchase ORCHID IS CAP INCORPORATED REIT (ORC) 1,000.00000 $10.08 $(10,080.00)