I'm thinking that the ER will be great, and that the SPO will be on a post ER rally. I soild WMC today and bought more MTGE with the cash. I posted my reasoning http://finance.yahoo.com/mbview/threadview/?&bn=c7049093-faf3-334f-a3c6-cb6ecaff97fc&tid=1363865836156-8aa1f868-ef4d-4d25-beb5-61db5a390cb7&tls=la%2Cd%2C1%2C3 if you're interested.
I sold half my wmc today to buy NTC while it is on bull raid in which bullish funds short it out to drive price down and then accumulate. The nice thing is, my broker TradeKing, lets me margin NTC but not WMC.
Um, they just reported earnings a couple weeks ago. I am looking forward to a secondary when ever it comes. Hopefully soon after exdiv.
There is a high probability of a secondary sometime in six weeks after the ex dividend date. I hope you got in on march 8 when you were about to pull the trigger, you'd be up a point plus collect a div or sell for short cap gains and then buy back during the secondary. After this next secondary, it is too hard to tell if and when the next will occur.
Uncutt !!! You method of starting with a small position while you learn has merit. It's best to learn and make your mistakes with a small position. Getting in a the wrong time the first time can spoil your investing experience. Start with the 200 sh on a SPO unless you have a better idea.
Yo mr P,
I am putting this here, two degrees removed from the agnc board, so that the harassment trolls are not likely to find it.
I have been flagging the trolls for abuse. I understand that if it is done consistently they will be removed. My fear is that they might return fire and flag the old guard until the board is unusable. We have already lost some wise and notable contributors. The agnc'rs must have the largest ignore file of any board.
Don't let anyone down you over a purchase of 200 shares. Go ahead and make a stand; collect a nice dividend and think of what you would earn at your good ole bank. Sure, we all are concerned about a SPO; however, these stocks tend to be very forgiving due to the yield. Maybe you should buy 100 shares now and if the SPO comes you will be averaged in nicely. Even with a small position you are wise in not giving your $$ to the banksters at less than a 1% yield. Good luck with your position.