We should rename my thread to the RMBS board
All kidding aside, the next several months will be very interesting in RMBS land. RMBS will follow the market until relevant news comes out and/or when the trial commences. Until then, if the market goes for a correction or resume bear mode, I can see RMBS trading down below $10 again.
The obvious action is to sell and buy back in late Dec when all the trial action starts. The trouble, however, is that you leave yourself with no exposure to RMBS, and ANYTHING can happen in between. If this ends favorable, it could come surprisingly and without notice, and it might be too late to hop on the train.
Am I doing anything? I still have my shares as I stated... not selling due to my hunch that we're in for a downturn, but may buy some short-term RMBS puts to hedge against a downdraft of the market... but buy long-term calls to offset that.
Choices, choices, choices...