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ARMOUR Residential REIT, Inc. Message Board

  • bjmassman bjmassman Aug 7, 2012 12:53 PM Flag

    What caused the large drop in SP

    this morning? AND I MISSED IT DAM-MIT

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • bj:it is because of all the dimwits that didn't have their street number painted on their trash cans. they were out chasing-down their cans & weren't paying attention to the market. go figure, huh?

    • I was watching it, but didn't buy because AGNC was down like 5% and we were only down 2-3% when we hit 7.22-25 area..If you were a smart trader looking around the entire REIT sector then you werent buying at those lows..it was a pure gamble if you did because it looked like we were going to 7 based on AGNC and NLY's moves at the time..

      ANYWAYS, according my hedge fund trader friend who knew that there was no news or reason and did buy at 7.25 once ARR stabilized a little..said that for some reason some fat cat whale somewhere must have sold out of a large position in AGNC and then the rest of the sector followed..similar to what happened to ARR about a week ago when some jerkoff sold like 2 million shares at market all at once and caused a .2 cent drop in 2 minutes

 
ARR
4.27+0.01(+0.23%)Jul 10 4:01 PMEDT

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