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Strategies & Market Trends : Thornburg Mortgage (TMA)

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To: 5,17,37,5,101,... who wrote (7)3/21/1998 10:56:00 AM
From: Wallace Rivers  Read Replies (1) of 51
 
First time poster; no position in TMA, long CMO, contemplating purchase of TMA as well.
I feel there has and may continue to be downside pressure on TMA until March 23 (Mon.!) when dividend is declared and the "forward look" is provided. My feeling that if .35 is declared perhaps 15 or slightly lower may be touched. That being said, I am impressed with Thornburg mgmt. and long term prospects.
There is a lot of discussion of the similarities and differences between CMO and TMA on the Yahoo board. General feeling is that TMA is hurt to a greater degree than CMO with a flattening of the yield curve. Anybody care to throw out their .02? TIA, Wallace
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