Typical "Flash Crash" is recognizable by the steep decline in one or two trades, signaling that a large hedge fund or mutual fund unloaded 1+ million shares at market price. It is also characteristic of a Flash Crash that recovery from the "instant" price drop is nearly as fast, taking but a few minutes of trading to gain back 2/3 of the drop.
The price action that we are seeing today isn't the Flash Crash; rather it is many traders pulling out of AGNC to invest elsewhere, causing the price to drop nearly straight-line over a period of hours or even days.
Mini-flash or not.
Yesterday's AGNC pps dive appears to have been a welcome opening for those REITers to grab their lot in AGNC both towards the end of Mon. and at today's open.
I guess I shoulda got more.
Hi Foxy, History has shown this movement- lows should be between April 6-12th- I posted about this and according to previous years- the post ex bounce was 3%- which would have made it 32.53 as the high. Then there is a large drop. I think I figure 30.something as the low. Let's see what happens. if we dip another buck- I will start layering in calls
i missed the last run up by being greedy and awaiting a dip into the 28's.
I waited too long to buy last quarter,
That's why I just might buy some earlier this time.
I waited then waited more until I thought AGNC was past spo territory.
I made two buys,
I also made two more buys after the spo,
still making money with AGNC last quarter,
not selling one share for a lower price then what I payed.
It seems as though even when you mess up,
(as long as you don't go all in at once),
AGNC is a money-maker for both the long and short-term investor/trader.
Thanks for the reply.
For a while there I thought I too was on everyone's IGNORE list. :)