The Euro rally held it above 27.50. Mostly at 27.60, but traders had to go to the bathroom sometime.
Without the Euro rally, with an offering price of 27.02, I expect the trading would have been less stable, but still in a 27.15-27.30 range.
Less than 27 was not in play, and less than BV (26.90) totally out of the question.
Regardless, I'd be a much happier camper if the Euro thing had waited just one day. I'd have doubled-down on my extant long positions and we'd be picking up the same 5% everyone else got.
Imo, the spo was timed perfectly. It wasn't too late in the div. cycle in order to put the money to work most effectively this quarter. The jump in the market definately helped AGNC's relative recovery(it did not drop further). We all know that come December investors(re: dividend hounds) will be looking to plant their money in a high yielder such as AGNC. I have little doubt at this point that AGNC will declare its usual 1.40 per and that its pps will rise(at least once)into the 29's...It's unfortunate for me that I neglected to convert mt Scottrade acct. into a margin acct. and am waiting for funds to clear. I took profits from stocks Tues., Wed, and today(Thurs.). Tomorrow(Fri.) and/or Mon. I WILL be adding more AGNC at that time. Hopefully there is no meteoric rise in pps until then. Good luck longs and optioneers. Shorts? They can suck on lemons, being the collective sourpusses that they are. FOXY
Don't you get tired of repeating yourself:
You are an anti BATESATer, who has learned nothing. You buy at 30 and sell at 28:
And then you declare BATESAT dead. The only thing that is dead is...
Doc, you seem a wee bit cranky today. Are you okay Boss? You're not mad at me too are you? I've been off line save a moment or two since the death this summer of my old computer. I lost ALOT of money during that time in many of the stocks in my portfolio because of my lack of DD, and also missed many buying opportunities in others to which I would've added as well, many, but not AGNC. It was pretty stupid of me since the construction of the new computer was not as taxing on my back as I anticipated. I was down for the count for the next day and then some though. Listen all you youngsters out there: Take good care of your spine, you'll need it far longer then you think! A mind is a terrible thing to waste? Maybe, but at least if you do you'll be numb about it. Health and wealth to you all(but not shorties), FOXY