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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: reaper who wrote (179916)	7/15/2002 1:24:03 PM
From: Greg Jung	Read Replies (1) of 436258

NLY had been downgraded by a few firms most reasons given were price, I've had it since it was 16% at $9/share, after the crmmae, etc collapse period. -short-term interest rate increase fears? -maybe the aa-rating on the securities are synthetic, and susceptible to derivatives crash. - Strong non-volatile stock used as SOF for a) realized gains to balance losses taken b) other purchases =============== Edit: Here's a smoking gun for you Mon Jul 8 NLY Annaly Mortgage Management Announces Signing of Sales Agency Agreement for an Equity Shelf Program - Business Wire Wed Jul 3 NLY Annaly Mortgage upgraded by JMP Securities - Briefing.com Tue Jul 2 NLY [$$ - free trial] Cash Upgraded to Accumulate - RealCommentary from TheStreet.com Tue Jul 2 NLY Annaly Mortgage upgraded by UBS Warburg - Briefing.com Mon Jun 24 NLY RESEARCH ALERT - UBS lowers Annaly Mortgage to 'hold' - Reuters Company News ============== One week after June 24, UBS goes to "strong Buy" from "hold". And week after that, guess who the Banker is in the equity Shelf offering?

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