Right now the traders are just having some fun with this stock. The big question will be what happens to the div? IMO it WILL be cut and then the thing is going to tank. It happened to CYS and ARR when they both cut. But it's a question of how much? However,even with div cuts CYS and ARR were priced up after the initial drops. I guess people looked at a 12% div and said that was pretty good. No,it's not 15% but still not bad.
The traders are playing AGNC like a yo-yo right now. We get no definitive move up or down until the div is announced. Untill then,have fun boys and girls. I'm watching from the sidelines. I want certainty on the div before I get back in.