"If all the DD has pointed to success speculations about future pricing and GSE status, why would investors sell if there is a "disturbance" like today? Buying the dip would seem to be the most profitable behavior."
This is my philosophy and has been for some time. I personally consider trading like we saw today disappointing. The reasoning and expectations I think are understandable but not my style by any means. I have taken some flack by some for expressing "narrow minded" or black and white views but in all honesty, I truly believe them.
Obit, you are like my personal investment strategist. I would have to think about today for the rest of the weekend before I could figure out what you just whipped off the top of your head after closing. Keep them coming and thank you.
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