Wednesday, October 12, 2005

NLY - update

NLY just hit rock bottom 52week low and closed on the high ($11.95) which will be above our closing stop-loss that I talked about (i.e. continue to hold). Note that $11.95 were hit by big blocks at the last second before close - I figure shorts covering which is running at 10 days daily volume. That was part of my reasons for picking this stock. The shorts had been right, but right here below book, they are proactively covering as noted by daily bid size.

Tomorrow is another day - we'll see how NLY fare!

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