not sure if i should buy more NLY or AGNC..maybe both... will see next week.
Secondary? It took me a bit to realize you were being witty.AGNC and NLY are strong after secondaries. They don't dip below the offering price and shoot back up within 2 weeks.Other reits, equity and mortgage take a bit longer to recover and many times they dip well below the offering price. HTS and GTY are examples of those...
In this case NLY offered the 2nd ary and AGNC dropped.It only takes a couple of days for folks to realize nothing hAs changed for AGNC.Buy on the dip.
Ayup.One of my other holdings that I was considering liquidating anyway popped several points today, so I topped up on AGNC with the windfall profits from that.Anyone who's long cash in this market is being left out.
"always buy after 2nd ary". I just tried that with ARR (bought at the offering price), and a couple days later it drops to almost 10% below the offering price.Oh well, it will recover, but I could have done better.