After hour AGNC trades higher up 1+ point because no dividend cut fear.
Do we have a dividend run next week to 32-34 range or expect to top off no higher than 33.
Fear was AGNC would go
This year hasn't made me look entirely "prudent" but I did appreciate the chance to grab some more shares on the cheap this morning.
With the mother of all options expirations coming Friday, plus the big cliff hanger, predicting prices will probably continue to be tough until we get into January.
ARR is still carrying the boat anchor of uncertainty and they're pushing the limits on announcing. Quadruple Witch Friday may have something to do with ARR pricing as well.
Best of luck to you.
After looking everything over my guess is about $32.50 for a high. I,m a long and am very happy with the action on this stock I expect it to continue to climb after the payout due to expectations that were stated by the company, and the fact that they may buyback stock if it should ever fall below book value.
Sentiment: Strong Buy
Hmm, next week’s prices . . .
As long as we’re dreaming, I would actually very much like to see the Jack#$%$ short MM’s drive it down to a gap-closing $30.50 early on Monday followed by a robust run to $32.80 by option Friday and $33.50 sometime prior to Ex-day.
. . . and then, of course, a fast “post-cliff” payout recovery to ring in the new year.
If they pull off gap closure, it will force a much larger short position to even attempt it because it won’t trigger many stops this time to help it down.
I would grab a few more shares on the way down and then every darn HFT would start plowing into AGNC for the next run up. Unfortunately, any hope of gap closure is likely to have to wait until post Ex-day.
Low for the day $30.55, I was off by a whole nickel! But then, the day isn't over yet. This was the chance I wanted to add to my position. I'm not too sure about $32.80 by Friday but I'll stick with a fast “post-cliff” payout recovery to ring in the new year.
"My humble estimate ..."
Not so much a humble estimate as meaningless babbling and further proof that many poorly educated people regard stock pricing as a variation on their favorite party activity ... "pin the tail on the donkey."