We bought NSM near the low of the day at 11:46 AM ($35.52) so that we can risk manage this idea proactively. Selling it for a 3% gain. We'll be back on the next buy signal. Hedgeye Financial Sector Head Josh Steiner continues to be bullish on the longer-term idea, from a price.
Takeaway: We sold Nationstar (NSM) at 2:55 PM at $36.65.