History is April 12-19 has formed the bottom (except for a May 2010 dip that occurred)
I am in at 29.30 and 29.40 long on 300 shares
Do I add more, collect dividend, pray for rapid bounce back or wait till next cycle.
On SPO/shareholders meeting - I think market will gobble up the shares they issue after EX date with minimal effect on price after it hits $29
Good job Olee,
A profit is always good to bank. I wish you could get your broker to give you option trading authority. I think you could do real well trading calls.
Go AGNC, MTGE, EPD and KMP.
I don't know about banking more than anyone, but I made profits so far with AGNC this quarter. It looks as though the MM's saw my sell as a buy signal. Imo, these recent quarters started acting differently right about the time of the "DRIP" spo in Nov/Dec 2011. One could have bought under 28, and if one let well enough alone, one would have collected 2 divs. and have a $3 gain on the pps. Sometimes gettting too fancy doesn't pan out.
I don't know if I would stock up when it's over 30.
Usually you can get in much lower like you did with the shares you have.
Otherwise just be patient and wait for a secondary or the dividend or some bad sector news.
I guess one other thing to consider to is the dividend last year was on June 21st.
That is still two months away.
Maybe it's just me, but the stock seems a bit high for how far away the dividend is......
Add more and hold for the divy. I think the upward price pressure will make it hard to successfully trade this stock for the next year anyway. One year from now, you'll have a stock in the upper $20's paying $1.00+ divy. My money and my mouth are co-located: 25,000 shares.