Looks like most on this board are looking to cut and run on any run up.
With all that hold back money in storage and the chance of another offering almost nill why not just sit back and collect the divy next year.
In the last 7 months the pps had a high of 36+ and a low of 29+ and your held thru all of that to sell at 31+ at about your cost. Had you sold at 36 and rebought at 29 you could have booked about a million $.
Best to look at the chart to figure direct of agnc and other reits. Think best play is try pick up of this muted ex run and then stand back for the sell off next quarter. Think we see $28-$29 range next qt. Everyone plays it different, but we are in a bear markets on this sector.
I have shares.
I sold a bit on the way down from it's peak at around $32.
And got lucky and was able to roll that into MTGE during the recent dip on reits.
I'm contemplating selling another 25% - 50% my shares now though before the EX and just taking my gains on the shares.
I'm pretty sure a dividend cut is coming next quarter.
I have this nagging feeling we might be headed back to the $28 - $30 range for 2013.
I plan to have some bids in the $27 to $28 range this Friday. But on exday i dont think so. I will have a more pleaseant holliday without a AGNC position. Last time i waited for the Dividend to be reinvested and PPS went down like a rock. That was the largest loss i have ever suffered on a stock position. I may talk myself out of the Friday bids.