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American Capital Agency Corp. Message Board

  • joetong419 joetong419 Nov 16, 2012 10:46 AM Flag

    AGNC - buy, hold, or sell

    AGNC selloff due to: general market selloff, fear of dividend cut, year-end profit taking, after-election selloff coincidence?

    Any smart dudes out there know if AGNC has further room on the downside or have guts to buy. If yes, what's the upside target. My guess, if dividend not reduced, AGNC only goes 31-32 on the upside; mREIT in the doghouse.

    In hindsight, best to seek capital gain/loss rather than collect the dividend on mREIT.

    AGNC was a good buy at 31.xx but very surprised it went 36.xx

    GLTA

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    • If you are into technical analysis, go out to a daily line chart of AGNC, put in a six month timeframe. look at the developing pattern. It's exactly half of an inverted head and shoulders. So, IF AGNC breaks up above it's negative trend line at approx 31.80, and IF it forms the other shoulder at the resistance neckline of approx. 33, there is a POSSIBILITY of 37+. So, conservatively,I would take profits at 31.80-32, buy back in on the pullback; take profits at the 33 H&S neckline, buy back in after settlement and ride it up until the price breaks over on a reaction to the H&S pattern IF it develops. All this is a big IF and is making the assumption that AGNC has bottomed, Gary kain will keep the bottom with the buyback program, and the herd feels positive about AGNC - but it's something to look for. Just my two cents....

    • Looks like there are a lot of people taking profits at 31. So until div announcement, I'm thinking buy at 28, sell at 31.

 
AGNC
20.67+0.13(+0.63%)May 28 4:00 PMEDT