Replies to post #346 on Annaly Capital Management, Inc. (NLY)

[jugs]

I did well enough. However, two other very strong picks of mine grabbed me by the brain and insisted I liquidate NLY in lieu of those others.

As it happened, each of those others has rewarded me handsomely. And while I lost sight of the travels of NLY, I see now that along with the travels are the travails.

Sorry for the weak play on words, I don't mean to poke fun at any shareholder, ever. I managed to sell my position in its entirety at $9.18.

I'm pleased, of course, as this swap of NLY and the other picks worked out well for me.

For what it's worth, I continue to view NLY as a longer term insurance play. However, when the iron is hot, I believe it behooves the investor to move into free-fall at least short term and take advantage of unusual opportunity.

I wish you great fortune!