Today I noticed a big volume of shares that were traded in our beloved AGNC, a total of 18,954,135. Usually 5-7 million shares are traded daily. Even after hours activity shows that several 100,000 share orders and even a big 400,000 buy order is coming in from only the Lord knows whom. I think the dividend hungry masses are flocking to AGNC for the dividend...
What do you think?
I agree......healthy divi that should be safe for several years. No need to go against the grain. Usually after the divi and the secondary, the stocks drops a healthy amount and that is where I have been buying. It has worked well thus far.
I'm hoping that we will see AGNC go over $33 on this dividend run up. I myself am holding 1,500 June $32 Calls, I'm hoping and praying that all will go well on this one. I'm staking everything I have, may AGNC continue rising higher and good luck to everyone on their trades ( =
As long as interest rates stay low and there is a decent spread between LIBOR and mortgages, they will make good money. In financial problems, the mortgages have a US Govt. guarantee, so they are as good or bad as the US$ Dollar. But take the profit when you think interest rates will rise.
I know some folks like the old days of BATESAT and the whole channel dwelling days of wine and roses, but I'm afraid I'm to blame. I drafted letters off to all the major holders on this page(Institutions and Mutual funds):
CC'd to their CEO's, CFO's and Board of Directors, explaining the great benefits of AGNC and MTGE over NLY. I did this last March(early) and explained that it would be a blood bath after the March EX in NLY and for them to switch over to much more lucrative mReits. I listed all of the reasons for this, I have been mentioning, on the NLY message board.
Please note the volume of NLY, prior to my letters(Month of March), compared to the last two months. I think they were waiting for validation of my claims.
I think we will see great growth, as we wake up more folks to the incredible growth in capital appreciation plus superior yield and, most importantly, great management at hedging and proper MBS selection, to secure our position in a new HARP environment that the administration will, no doubt, employ, as the November elections draw closer.
I will not be surprised at new legislation and/or new Fed policies going forward to prop up this woeful, economic House of Cards as November approaches. I mentioned the same in my communications.
I am now seeking a broader base to continue my proselytizing. I think I missed my calling. I wonder if I can get a kick back from Gary Kain...wait I'm Long AGNC/MTGE...I already have...;-)
As always I wish us all much happiness and success...
Well done X,
The young man who lands on his feet!!. Which brokerage do you use? Fidelity would take have your profits with their commission base on 1000+ contracts...;-)
Congratulations. When you have a big purchase or sale like that, do YOU break it up into small transactions, or does your brokerage sell 10 to this guy, 5 to that guy, etc.?
I have sucessfully exited all 1,500 AGNC $32 calls @ 0.64 and I made a 0.10 dime on each. I turned around and purchased 1,312 July $32 AGNC calls which should allow me to ride the dividend run up ( =