I don't know whether to call those holding (like myself) idiots or troopers. Just when I think we've found the bottom, the ladder is knocked out from under AGNC. Its gut-wrentching & disheartening to see drops like this every day. I'm starting to think those "CAPS LOCK" folk actually knew what they were talking about.
I am in the free fall with you and it has dropped more than I thought it would and I don't know how much fall is left in it. That said I do not think the dividend will be dropped below a buck this year. I also think that the market players have added to what would of been a normel price adjust down and they will move it back up to make some profit on the recovery as they have made it while taking it down.
How much recovery? To see 30 again would be nice but I would take 29.
Its all about the spreads, when I saw them dropping I knew it was time for an exit but if your holding on then hang it as I think its time to purchase, bought a few yesterday and will look at more today.