Replies to post #2091 on ARMOUR Residential REIT Inc (ARR)

[bar1080]

Are you a pilot? Did you say you flew a Ford Trimotor (of all things!)

I go back to bashing stocks online in the late 90s when everyone was an unquestioning pollyanna about all stocks. Bashers didn't exist. By 2001 the whole country was paying the penalty for that. Not many (but a few) questioned how certain tech stocks could always exceed Street earnings and revenue projections by a penny or two a share.

I began to theorize that penny boards were valuable contrarian indicators. You saw that last year when suddenly penny flippers moved into ultra high div stocks... just in time to see many of them lag the market. OTOH, the low-div NASDAQ has been doing very nicely for the past several months.

If IHUB group-think is a contrary indicator then ARR and other beleaguered mREITs may have become buys.

[bar1080]

Here's an article about Malkiel, Closed End Funds, and The Efficient Market. It may be relevant to stocks like ARR.

http://faculty.chicagobooth.edu/Richard.Thaler/research/pdf/closed%20end%20mutual%20funds.pdf