I was stopped out today... I don't know where this stock is going, but its approaching a 6 month low with consistent selling pressure. It doesn't do much good to collect a 19% yield when the stock falls nearly 10% in 3 weeks. I may buy back in a month, but am content to step aside for now.
I understand your "rage against the machine" vis a vis the large scale automated trading that can "artificially" reek havoc with the orderly flow of transactions. When a specific "stop" is reached in large volume, it can distort the pps due to an oversized imbalance in buy/sell orders. Having said that, it is always prudent to take advantage of every tool legally available. Both "stops" and "trailing stops" have saved me considerable money. Despite the many different opinions expressed on this board, we are all trying to make a profit. If you don't subscribe to the static nature of basic stops, you might look into trailing stops. They serve to protect your interests, while allowing for an orderly "sell" execution based on your specific criteria. Where you set your stops is situationally dynamic, that is, some stocks have higher volatility, and require more "leeway". Also, you must take into account your personal appetite for risk. Obviously, on dividend bearing stocks, the x-d. date needs to be accounted for in your calculus. Good Luck.
Checked out (Thursday) at $28.60.
It seems to me that AGNC (and the mREITS) have stopped behaving as they have in the past.
My guess is, because of all the new stock issues,
we're seeing the influence of day-traders more than we have in the past.
Good luck to all here. I'll keep reading the forum.
This is by far the most friendly and informative
Yahoo stock board.
Not heavy volume either, only a little above average.
The big boys are way ahead and that is why the stock is under 'distribution', rather than 'accumulation'.
As long as this occurs the stock will decline and stops will get hit.
Don't underestimate your opponent.