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American Capital Agency Corp. Message Board

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  • eagledragon1 eagledragon1 Jun 23, 2011 1:03 PM Flag


    Not sure if this will help, but I overwhelmingly feel a short play being put together.

    These mREITs always seem to perform better on down market days, so I can't put much merit of being surprised at the trading on a market slam day.

    People probably hate me today being so contrarian. :)

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    • Its funny that way. I see it as just riding the rollar coaster in anyway that is intutively correct and making money doing it. It is contrarian to go short or think about going short, but is simply a matter of looking at ways to make money. I just feel, after last quarter, of getting in very early, I had to ride the MREITs down into the hole, before I came out of it. Truth is the MREITs (and MLPs) can be weak until the final run-up. AGNC is a bit strong, is very liquid, etc., but I don't think everyone always appreciates the trading patterns that are there to trade. It has nothing to do with whether you like the stock or not. I only like AGNC because it has been good to me, and there are very good people on this board that are enjoyable to trade with. Anyway, I am watching it now, deciding whether to go short.

      • 2 Replies to ben9471
      • I look at things from the "big boys" point of view. There are too many opportunities to cast doubt throughout a quarter. I see some articles pumping AGNC today, when I see those I know it's time to start looking the other way.

        I think the company is very good. No one will hear me bash the company itself, but I will question a trading pattern that is clearly out of whack. Just like some patience allowed HTS to let me slide unscathed, I believe patience here will allow for a much better entry point in the next few weeks. Just MVHO.

        People already starting the 31+ chant again, yet what has changed to keep AGNC from doing another spo? Actually, the conditions to do another spo will likely keep improving.

        To me, people are being greedy today...... I always employ what another great trader had to say about this condition.

      • Ben,
        Did you close out your puts at the open?

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