Just shorted this one at 25.12. Should follow the path laid out for it by its peers (AKA NEW, LEND, NFI).
The Next Great Mortgage Play: *AHM*
- Thread starter CalScholar
- Start date
Incorrect title. "Mortgage play of the day" is more accurate.
Not a bad call. I might consider it. You see LEND today dump? You got out right?
Don't remind me!
Got out at 16.65.
Volatility on AHM died pretty quickly. I'll hold for a while longer (stop at 15.25) in case a second attack is launched against it. Otherwise, wasted time and lost opportunities.
I won't be in this one long enough to pay your dividend, TR. Just hoping to shave 2-4% off the top and cover.
^ I'll be out by close of trading no matter what.
Are you serious? Let's leave the grudges to the schoolgirls.
I shorted this one expecting the volatility from yesterday's close and today's open to persist. That hasn't been the case. As I wrote earlier, I'll hold on in case that volatility resurfaces, but will readily cover if it doesn't.
Good luck.
SLOWLY but surely. I'm hoping AHM crashes through the day's low @ 24.60. Hopefully, the steam picks up a bit then. Time will tell.