misheldo, I think it will go down, but not much, I see max risk at $68 or so, but if you are a buyer, you may want to stagger, may be you should have some GTC from 75 to $68.5 staggered. If the big rise in the shares made RMBS more than 20% of your folio, I would not buy more. After this "expected decline", if the picture does not change drastically, I would say that $115 should be reached by late July early August, for the first time. Caveat, last time, when I "promised" Steve RMBS at $169 within six weeks, it took only six days (from around $110, if memory serves).
Zeev |
