Check AGNC history when they announced another refinance several weeks ago. The day's open is almost the lowest price, and then it went up 4-5% for the day, and they refinanced 20% of the float that day!
That is what they are counting on here most likely. Good post. I would say that a lot of suckers will buy in at the 3.90 to 4.00 range today thinking they got a great deal. In a few days we will see the real prices start to come out.
I would say we see 4.11 again giving anyone that needs to the opportunity to sell and get in again on the low side later this week or month.
Good post here.
You know. People all last week were on here saying it will not go below 4.00 and we had seen the bottom. A lot smarter folk than me said they were wrong but no one would listen. Saying you will be fine in the long run is a nobrainer statement. Everyone will be fine in the long run with CIM because its a great pay out stock. What we are trying to focus on is the bottom end here.
Thats fine but the public controls what the price does. They can offer it at 4.30. If no one buys it goes lower and they lose.
If it were me and it is. I wouldn't buy til I made them bleed a little. ;)
While I don't subscribe to a lot of the conspiracy theories, every REIT I have been in that has done an offering has had the premarket price be right on the money ... ie, the offering price is out there even if it hasn't been officially announced. It looks like 3.90 -3.95 will be the offering price.