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American Capital Agency Corp. Message Board

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  • fav_for_08 fav_for_08 Mar 8, 2012 11:35 AM Flag

    Today's the worst day to sell

    After 3:00 PM today you'll see the day- trader who shorted start covering

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    • Negative those guys already covered. They shorted after the div because everyone knew the SPO was coming.

      The next couple of days this should trade flat before it goes back to normal. Either way, $29.50 was a huge success for AGNC. Congrats longs, you got a nice little bump in BV today.

      • 1 Reply to thejumpingsheep
      • >>>>Negative those guys already covered. They shorted after the div because everyone knew the SPO was coming.<<<<<

        These shorts lucked out this time and made a profit.

        After the last dividend in 12/xx/11 AGNC did not have a SPO, which many had anticipated. The shorts lost out as AGNC kept going higher, and probably sold at a loss.

        A favorable upmove by AGNC dictated a SPO get issued, rather than see the stock, which was headed back to 31+ IMO.

        After the SPO completed, maybe AGNC will still go back up to 31+. Will many hold AGNC if it crosses over 31... or take profits.

        AGNC could still revist 27-28. Most likely if the $1.25 dividend is reduced because the quarterly earnings shortfall, etc.

 
AGNC
19.71-0.17(-0.86%)Aug 26 4:00 PMEDT