Sat, Aug 23, 2014, 7:16 AM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

American Capital Agency Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • jdg8002 jdg8002 Jan 13, 2012 1:53 PM Flag

    OT Line

    Thanks Ben, I appreciate your posts (as always). I agree about the range - we both play LINE for the same reasons we play AGNC.

    I've been busy all morning repairing my earlier positions. I'm trying to lower my break-even by a full dollar today, and roll a very small January position back to February. Its been a healthy reminder of why you should never go "all-in". Honestly, at this point I'm aiming for break-even and a lesson learned.

    My concern is that dumping 20 million shares into the market will eat up a lot of the XD buyers, weakening the run to distribution. Next week is also a short week (MLK, Jr day) and OPEX. That leaves about one and a half clean weeks for the XD run. And oil's not moving like I want it to.

    All things considered, I think middle 37's may be more realistic. Top end for me is 38. Anything over that is gravy, with $38.50 transforming me into that guy that keeps buying everyone a round of shots only to wake up the next morning lying next to yet another severe lapse in judgement (or maybe 2).

    Best of Luck to all.

23.355-0.105(-0.45%)Aug 22 3:59 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.