MTGE, MITT, ARR, AMTG, HTS, CYS, and NLY are all down so far this morning.
So, the minor selloff is sectorwide.
"No worries here."
AGNC, imo, is STILL selling for a good price, even after its recent pps recovery.
I wouldn't be all that surprised to see AGNC rise all the way to 37.
I'm only 2/3's way into my share buying this quarter, so one more pullback will be looked upon by me to be another buying opportunity.
I have a standing buy-order in at 28 in the event of a "flash crash"
The run-up will start soon enough.
Then, the persistant trolls will resume their positions under their respective bridges.
As an optimist, I say AGNC runs to 34+ this quarter regardless of mediocre earnings,
and more if AGNC beats the street.
Could this be the year of the special dividend? :)
That is surely a trump card always waiting to be played.
A special dividend might jumpstart a climb towards 37.
Then, having a spo at 35 would surely be greatly accretive to book value, and AGNC will be back on track for sure.
Happy Thanksgiving and Good luck to AGNCers everywhere,
I like your optimism, my feelings there will be a deal made soon, as well as a divi hold= decent run-up. My other play is the new kid on the block WMC, imagine an increase in divi like last quarter, will blow the socks off the Reit sector. Good luck to us all.