TMA going under?

I was basing it on yesterdays AH at $2....Yeah, I'd be down. I fagged out and didn't buy. I came real close in PM this morning though but thought better.

I did trade once on Monday's fluff late Monday afternoon and thankfully got out. No LUM or AHM move. Better to do that on 80% plus gap downs.

 

Exactly what I have been doing. I am trading very short term.
Both short and long. I pick my spots and have been kicking a$$ trading the financials.
The shit storm is coming my friends. C and other financials are going to have some interesting announcements coming ANY day. Fed has to RAISE rates to deal with inflation.
Not good market conditions with all that is out there.

Happy Trades.

 

there is no way, nada, zero chance, of fed raising rates at current market condition.

 

anybody bottom-fishing here, or would that be plain foolish?

 

Bill gross is saying he bought some $100m TMA paper, hes getting a bargain, I wont touch the stock up or down till there are figures on how many cents they are getting per liquidation

 

can you post a link to the Bill Gross story? I don't see it on Bloomberg

 

got it from briefing.com
TMA Thornburg Mortg: PIMCO's Bill Gross says they've bought over $100 mln of TMA paper over the past few days; notes there is not a lot of buyers out there now (1.21 -0.44) -Update-