ARMOUR Residential REIT, Inc. Message Board
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Why the sharp drop in ARR after hours?
Any thoughts?
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I'm thinking just a lot of profit taking. Maybe some feel it won't go much higher so they want to get out now.
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I think it was 2-fold:
1. AGNC SPO - affects all MREITS (more supply - some will switch from ARR or others to AGNC to pick up shares
2. AGNC announcing a GAAP loss and the spillover to all MREITS; there will now be those who scream "How can AGNC pay dividends with a GAAP loss?" The bears and media pundits will attack. -
$7.42 down to $7.37 is a "sharp drop"?
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"Why the sharp drop in value?"
It appears that they are not paying any dividends anymore! -
Someone had a car payment due
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Take this with a grain of salt the size of a bus, but maybe AGNC buyers who missed out on AGNC's run-up and/or just couldn't get themselves to buy further in at $34-$35+ decided to put $$ into ARR instead... And now that AGNC announced its SPO in AH today, these folks are pulling some $$ out of ARR to buy into AGNC when AGNC dips tomorrow.
Hey, it's not a *complete* shot in the dark.. The above was my original plan anyways :). But as I've grown a little more comfortable with ARR, I am keeping all my ARR shares and will simply use some dry powder to buy further into AGNC tomorrow.
FWIW...- 1 Reply to TurboFever
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Turbo....question....I own AGNC, ARR, and CYS. With ARR having a higher div than AGNC right now, why would you buy AGNC instead of putting more money into ARR? I realize ARR's PPS appreciation has not been as good as AGNC, but if one wants the div I would think ARR is the better choice now, no? The reason I am asking is I have some dry powder for tomorrow (Thurs) and want to buy more of either ARR or AGNC.
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