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American Capital Agency Corp. Message Board

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  • slegermark slegermark Dec 6, 2012 8:33 AM Flag

    PLEASE TELL ME WHY ALL THE REITS (opinions) on why ALL the reits are tanking today

    Yup, BAC is on my watch. I think it will go up a little more today before I buy puts. Also look at the diversion of the Dow vs Nasdaq. Dow up and Nasd down by just about equal percentage.

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    • Sledge, I have been long 3000 BAC at 10.51 for the longest time.
      Bought it on the way down years ago...Last couple of rallies I made nice cash on some calls.
      I did consider exiting the position since any loss incurred on the stock would be a wash on my options profits.- never did it
      Now I am a breakeven on the stock and am thinking exactly what you are thinking.
      I was thinking some kind of bear spread. Any suggestions?

      • 1 Reply to onion1273
      • Sometimes I get trapped into thinking an equity owes me something. I bought the street darlin KEG in the nineteen ninetys for 22. Finally relented and sold on a temporary run to 16. It will not recover to the twenties for some time, so I take what the market gives. There are some large entities that are bullish on BAC. Mr market shook me out in october after I sold puts and bought december calls on it. Would have made money if I had not panicked. Mr. Market also anticipates my moves and beats me by days. With Bac, I do not think it ever took a new high without looking back.
        Might not be a bad move to sell calls against your holding and buy some puts. Let it peak a little more, it will go back down at least .25, or a full buck if we get cliffy in the markets as dealtime between Bama and Boner narrows.

 
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