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American Capital Mortgage Investment Corp. Message Board

  • slegermark slegermark Jun 12, 2012 8:55 PM Flag

    ten day converges with twenty day moving ave.

    through the middle of a one month trading channel.

    Are there any TA guys here that can interperet this?

    Intuitively it looks like a breakout above the channel tomorrow or thursday. Probably not in time for my june 25's. It was a cheap lottery ticket purchased before the spo announcment and late divy announcement. Would have made it without the spo happening.

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    • Hey Foxy

      Yep - $25 not in the cards this time.
      At least we made it over $24 several times this qrtr. Maybe next qrtr.
      Sold off over 700 of June 22.50 Call contracts in the last few days for an ave of $1.35. Made a nice chunk of change for my first ride on Mtge.

      Looking forward to $25 next qrt.


    • hey foxy

      i agree, all three are buys and holds for a good dividend.
      good dividends also make them very tradeable.

      unfortunately mtge and amtg don't have the press and analysts following yet. however, the word is getting out and we'll see both going higher in the future.

      in the short term i'm looking for amtg to go above $20 and mtge above $24 (may happen today) by ex.


    • The Closing Price finished higher than the 10 SMA so that signals a definite up trend.

      Once your 10 day moves above your 20 you'll have a break out, could come as early as today.

      Here's a quick and simple tutorial that'll help you spot Trends.

      Don't know what you paid for those calls but I wouldn't throw those cheap lotto tickets away just yet. ;-)


      • 1 Reply to roym717
      • Thanks for the tut.I'll watch it as soon as possible.
        I can use a little knowledge.
        It never hurt anyone except Adam,Eve,Pandora...

        I think it was a good move to have the announcement when they did and to have the ex-date 10 days later than AGNC and MTGE.
        I don't know when the other REITs go ex-, but just having time in-between a AGNC and MTGE selloff and the AMTG ex- alone might spark a little late run buying. I think. :)

    • Well obviously I cannot see it__but I would say the odds favor at least trying to cross (break) above the upper channel band.

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