Got out today when the price crossed above $37.50. I did okay, but it could have been much better without the SPO. Oh well, I bought too early. I'm glad that it sounds like some of you did very well on the SPO. I was doing damage control at that point.
I'm back to all cash now and looking for my next victim, haha.
I'm still looking at AGNC puts and the March 31's would put me in the money below $29.30. I'm thinking the lower spreads could mean poor earnings for other mReits and they could pull AGNC down along with them.
But I don't like playing puts, so I may just hold for the next SPO in this sector or the MLP's. If nothing else, I will look to get into position for the dividend runs. I need to work on my patience.
Well, durn! I could have manned up, waited til 3:30, and made another nickel. And I was feeling good about myself after I sold and the price went negative for a while lol.
An OT withing an OT - bought some GMXR (only 1 letter off Green Mountain :) preferred yesterday at 6.5 and 6.2 as a bet they would not declare bankruptcy at their energy conference today. They won't and it was up 75% last time I looked. I don't think I have ever had a stock I owned go up 75%.