[Entering Position in Thornburg (TMA)/Day Order/Limit $25.80]
Dear Member:
Thornburg Mortgage (TMA) is in an uptrend, above the 50 day moving average, and has just bounced. It also announced a dividend of $0.68 and will go ex-dividend on 11/1. The $0.68 is payable on 11/15. The annual yield at this price is about 10.5% and it looks as though there could be some price appreciation here as well.
I'm placing an order to buy at $25.80 or better for the day.
DISCLOSURE: At the time of publication, I have no position in TMA.
Sincerely,
Bill Kraft
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