Holding this for almost two years. Bought around 21.50 and collected something around $6 in dividends. If as IWB says $20 is resistance then I'm putting in a sell order for $19.99 and bailing and letting the Dec divi go.
Will this ever hit $21 again?
I know Reik has an idea who is running this down and I wish he would ask them to stop.
john, i wish you would have purchased the weekly $20 put with me for 0.14/share friday. i would not sell just yet john, just because i believe the stock price could move lower doesnt mean agnc is a bad investment. the book is only down about 3 percent more than q3 by my calculations or about $24.50ish book value right now. i don't recommend selling, only hedging large market data driven events like this week.. that way you get to reduce your cost average further and invest in more shares with the hedge profits. i dont know what the data will be this week, but it could continue to show a stronger economy and rates could move up a good clip which would result in more mreit panic selling perhaps.. thats why i am hedged up.