American Capital Agency Corp. Message Board
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OT: LINE ... is anyone planning to trade LINE on this dividend run up?
I'm keeping a close eye on the LINE $35 February13 Calls that are going for $2.05 right now. If LINE can go up to $38 pps at the height of its early February dividend run up, I can sell these for 3.00 or 3.25. I plan to wait a week and see if the LINE pps holds up or falls lower than what it's now, I'm sure the market euphoria should be worn off by then. Do any of you plan to trade LINE?
Sentiment: Strong Buy
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Sold my Feb $35 calls for $3.2 today.. Got in late so only 60% profit, but I am skittish after last go round with MLP's...
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FYI, LINE today announced a quarterly distribution of $0.725 with an ex dividend date of February 5.
- 1 Reply to russwm
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yep...average gain from here to 2 days before EX is .93 over the last 12 quarters. Thinking a safe bet is around 50 cents and I'm out. Exited 1/2 today for 107% gain. holding the balance for another 40-50 cents.
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Line is up today. I am only in for 20 contracts but it is nice to almost double my money in a week. Hopefully XION is getting ready to unload and not get greedy.
Sentiment: Sell
- 1 Reply to jsjseata
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I'm waiting till the Dividend announcement and then I jump out. I think LINE will announce the dividend tomorrow ; )
Sentiment: Strong Buy
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Any theories on the drop in LINE today? MLP's were a mixed bag with no pattern that I could discern, but LINE & EVEP were the biggest losers among the ones I track by a substantial margin.
I don't see anything in the news and the LINE board appears to be one giant ego contest.- 1 Reply to jdg8002
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They are talking that somebody will dump 2 million shares any day now. I think that price drop is all about SPO.
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I am in for 10 calls of Feb36 at 1.20 and 10 calls of Feb37 at .60.
- 1 Reply to jsjseata
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Sold Feb36 today for 1.25 and Feb37 on Tuesday for 1.25. A nice double in a little over a week.
Sentiment: Sell
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If any body is into LINE, its down 45 cents in pre market.
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except for a couple april calls.
IN advance of skittcal flittishness due in feb.
Last time the market anticipated earlier than I exptectd so I took modest profit.
Sitting in cash now, for the most part.
My hardest lesson has been hanging out to maximize tops and bottoms. Now after sufficient lossed in late autumn, I have finally come around to accepting good profits over maximum profit.- 2 Replies to slegermark
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I'm holding (a much smaller position than usual). Looking at past quarters, the 11th of the month has always been the low, and then it runs up around $2 into the end of the month... I too am skittish after the Q3 debacle, followed by the fiscal cliff hurting AGNC, so I just took a much smaller position...
We will see if this run holds, or I just may give up trading for awhile until the market is behaving again.
GLTA -
Same path. Don't know if I would call it wisdom or just the most salient lesson from my disappointing Q3 w/the MLPs.
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and it moved up a full point since then.\
EPD has been strong I am sorry I passed on that train ticket.
Line does not announce for another two weeks and we will be sinking by then in response to congressional uncertainty.- 1 Reply to slegermark
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Line is not going any where.
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Started picking up a few LINE $35 Feb13 calls this morning... Will add some more next week for a divvy run into the end of the month...
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I might build a position in the Feb 34's in a week or so. They've done a Dec/Jan SPO the last two years, so I'm going to wait a bit more.
I don't have all the new fiscal cliff stuff straight yet, but I know there's talk of another showdown about the time this goes XD, so that's something else I might look at. I hate congress. - View More Messages
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