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American Capital Agency Corp. Message Board

  • bertegle bertegle Jun 20, 2010 3:01 PM Flag

    Selling or Holding at Ex-Dividend?

    Are most of you going to sell before the ex-dividend date and not collect the $1.40?
    Correct me if I'm wrong, but the price hasn't gone down more than the $1.40 the last three ex-dividend dates. If that is true won't it be a good idea to load up before and collect the dividend. Looking for any good strategies.

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    • Depends entirely what your purchase price was to begin with.

      • 1 Reply to d.smegma
      • i bought some at 27ish just before the big may shat storm. then i got some more during the shat. sold the 25ish cost basis stuff yesterday near its peak. holding the rest until nearer ex-div.

        LT, the spreads will tighten, but until then, let it rip on some long. trade on cheaper shares, gather divi's on the rest. maybe sell some covered calls for whatever dear prices that might pop along the way.

    • I want to thank all of you who have posted on my topic. Very helpful.

    • The selling usually starts 1-2 days before the Xdiv date, shortly after it is always more than the 1.40 or lower high

      Xdiv 3-29 open close vol
      3/31/2010 25.6 25.6 677,960
      3/30/2010 26.05 25.73 955,654
      3/29/2010 26.45 26.02 1,340,951
      3/26/2010 28.25 27.7 2,101,650

      Xdiv 12-29
      12/31/2009 26.67 26.54 289,442
      12/30/2009 26.9 26.8 621,261
      12/29/2009 27.01 27.09 780,744
      12/28/2009 28.5 28.49 1,451,069

      If you like the stock buy more two days after Xdiv date if you made enough sell 1 to 2 days before

    • I'm selling. I like at least 2x div or more.
      Selling before x @ the right price is the sure thing.
      I hope it's tomorrow.

      All of your posts have the possibility of being correct but I'm a trader and don't like tying up my money any longer than I have to.

      AGNC could run to 30-32 at any time. There is no way to know what the big money intends to do.
      AGNC could also fall back to 24 this qtr.
      Market conditions, big money selling,equity offerings are the three things that have caused AGNC to drop in past qtrs.

      So what could cause AGNC to run this qtr?
      Big money buying is one.
      Bullish market conditions is another.
      Analyst upgrade
      No equity offering
      Positive earnings report

      Remember, If you sell. Wait and be patient to pick your entry points.

    • Even after the dividend, and the share price goes down $1.40, it will come up again. The dividend is the name of the game. It should go to $30.00 in July or August.

    • >>Correct me if I'm wrong

      Never know what it will do this time. But the history suggests you are wrong. AGNC most likely will drop 1.5*Div to 3*Div within a few days to 2 weeks.


    • I have done both very profitably with ACAS during pre-financial crisis days. If AGNC's, and ACAS' for that matter, NOI and realizable values stays strong and increasing then it's best to hold BOTH AGNC & ACAS for the long-term since we are in @ bargain-basement prices here. IMO collect the dividends & dollar cost other words set it and forget it and ride it to $40's collecting dividends all along the way. If risk averse or lacking cahones sell just before the divy date and repurchase after the inevitable temporary downturn. There will be a quarter when you get fooled and it goes UP despite the divy. Having bought ACAS in the middle of the crisis, I have the cahones for long-term DOUBLE grand slam! AGNC is my dividend play until ACAS starts paying a new dividend in a year or so. all jimho!

      dividend within next year...all jimho!

21.38+0.0350(+0.16%)Mar 4 4:00 PMEST

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