December 23, 2011
One position that has been prominent in many portfolios this year is (NLY) or Annaly Capital.  The investment has worked out quite nicely but recently we decided to lock in profits on this high yielding mortgage REIT.  The reason that we exited was because of the expectation that more borrowers will refinance at lower rates,...
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    7242 East Cortez Rd
    Scottsdale, AZ 85260
    Phone: 805-886-8140
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