While not as pessimistic as my cyber-bud Patrick about the prospects for Annaly, today’s review of the fourth quarter of last year and conference call did give the stock a boost.
When NLY hit $18, I unloaded the shares I bought over the past couple of weeks. It kept running.
Do I get to take credit for it running on up to $18.15? Not with that one. Millions of shares trade daily, so even my personal trading timer gremlin can’t affect that one.
Still, having put on some shares when it dipped below $17.25 last week, getting out with a few bucks works for me.