Has this company declared their div yet? Since the div should be one month away it seems to me in past times there was a div run starting by this time. All I see is resistance around the 28.15 price point.
My best guess is that the dividend run will begin in earnest after the dividend declaration date and before the ex-dividend date when it becomes apparent that despite decreased mortgage rates and increased prepayments, AGNC will nevertheless continue to pay a dividend this quarter of $1.40.
December's divvy will probably be around the 29th. Yes, the run should commence around mid-month but could start and sputter at any time now until reaching full strength the about 3 days before. In the past they have announced divvy and ex-date about a week prior...
This is likely to be the low for those calls going into the divi run. If they expire after the exdiv and ITM (above $29) they are likely to be called away, specially so since the MM's are playing the capture the dividend game with huge volumes of the ITM calls.
Singing a new tune.
"Most significantly, this could have a drastically dire impact on mortgage REITs, companies that make a lot of their money from the interest spread between borrowed money and invested assets"
It's all about risk & reward. Notice that on the "don't buy" list, the yields were not shown. However on the "to buy " list, you get a whopping 2.5%. I'll take the risk and continue to trade.
It did break the first resistance, but then hit resistance #2 ($28.32) and fell back just above resistance #1 ($28.16). The next two resistance levels above #2 are $28.45 and $28.61, respectively.
Good morning Reits' it seems as though I have a southern(way deep) couson afterall, and I see he used my computer.Translation: Loosen the draga little bit there Reits old boy, I think she is going to run. You'll feel it when she tires a bit, then reel her in slowly. You'll know. You've been fishing this hole for some time now. There's good eating right here. When the cooler's filled we'll call it a day and be on our way until later. Northern FOXY. P.S. I think 29 has a good shot earlier in the week. Good Luck.