Every time we have an " event", like an EX or an SPO or a flash crash, we get all these folks who have never or rarely posted on the AGNC message board. Do you all just lurk out there waiting for your chance to comment on the doom of this stock?
Kind of silly as you look back at the flurry of new names/posts decrying the advance of PPS and how certainly we can't expect upward movement in price.
Look back, it's really weird and funny at the same time.
I just have one question.....Don't you ever get tired of being wrong?
You're going to retire in 10 years? You should be in mostly cash. You can't afford to take a major hit (SEC actions, etc).
Best way to do it is how Doc taught me. Hold mostly cash and stick with options.
I don’t own ANY stock, not AGNC or any other stock. I strictly trade options, so when I log into my trading account I see a lot of cash and my option positions.
However, when I did own stocks, I would see either green or red depending upon how the current stock price compared to the purchase price of the stock. As you are aware, if I sold the stock at the current market bid price which my account reflected, I would either capture a gain or a loss depending upon the price I received, minus commissions. That being said, I would neither experience a gain or loss until I sold.
Now if you are referring to the channels I had to go through to purchase the stock, it always included commissions if I went through a broker. I haven’t had any opportunities to purchase publicly traded stock directly from the company unless I signed up with the company’s DRIP program, but that was usually handled by a third party. There seems to always be a middle man between me as purchaser and the originator of the available shares.
Are you saying that current share holders of AGNC stocks should be able to purchase shares of subsequent offerings at the current market price? Where does that happen? There are brokers that handle these transaction and they deserve their compensation. Although the loyal AGNC stock holders do not get the stock at the offering price, they always have a chance to purchase shares at a reduced price from the close of the day before the offering. Are you complaining that they don’t get enough of a reduction?
I am open to further explanation of your concern.
"AGNC expects to use the net proceeds from this offering to acquire additional agency securities as market conditions warrant and for general corporate purposes."
This is the statement they use with every SPO. It is broad enough to cover paying dividends as well. I verified the ability to pay dividends from the proceeds with a phone conversation with Investor Relations.
I can't resist the invitation! I read the posts on this Board regularly, rarely post because of their high overall quality. I am long AGNC in part because of the information from this Board, made a few thou with puts this week after reading the predictions about the secondary, am now long calls as well as stock. Given the timing of the SPO, I think earnings will beat slightly.
Keep up the good posts!