Yep I can hear yesterday's conversation in the office of labor statistics.
"We need the psyc number to be 200 or more" "Okay how about 203?" "that sounds good, go with 203." "Yeah we call always revise it down like usual."
Insta, I'm talking about MTGE not AGNC. I know they are related but if I was in AGNC at $21 I wouldn't be worried.
As I said halve of my divis have disappeared with the PPS slide recently.
Holding this for almost two years. Bought around 21.50 and collected something around $6 in dividends. If as IWB says $20 is resistance then I'm putting in a sell order for $19.99 and bailing and letting the Dec divi go.
Will this ever hit $21 again?
I know Reik has an idea who is running this down and I wish he would ask them to stop.
Hate, you're probably right since volume is less than average today.
Also agree with Al that this one seems to be holding up well PPS wise.
I wish I knew if 4Q earnings will be able to maintain the divi.
Thanks for the insight Al.
That is good news especially since the market seems to think a change in management is bad for mtge.
Still holding but I doubt we see $22 again for a while.
Not sure how much more I can take.
My PPS is down 2 bucks with 7 quarters of dividends.
Is it time to bail and wait for the "taper panic crash" to get back in?
Feels like the whole market is getting top heavy.
"People have lost their minds"
You too insta?
Volume up at the close with lowest price of the day.
Up a nickle after hours already.
We see when management does insider buys but never hear of sells. Why is that?
Kinda looking like the old AGNC buy at 28 sell at 30 cycle only higher frequency.
Considering 18 months of dividends my $21 shares are near break even at $17.
Could have bought Master Card Inc and doubled my money.
People can't make their payments on a 3% mortgage but make minimum payments on an 18% credit card!
"siitin' watchin' porn on the TV wonderin" why she"d ever leave me"
So does anyone think this is going above 20 again before it goes under 19?
Should'a bailed May 1st at 26 and reloaded at 16 in July.
Sorry Insta, my nads have not grown to the size required to play options (I have a full time job).
Thanks for the insight though.
Insta and guys, it's at 19.80 right now.
Does anyone think it will get much higher before the feds blow up the whole sector?
I bought a bunch of MTGE @ 21.70 almost 18 months ago.
I have collected 4.40 in divis, if i were to sell today I'd be up about 12%.
Obviously I should have sold at 26 and re-bought at 15 but I didn't and decided to hold for the dividends. I've been in and out of Mreits for a couple years now and am beginning to believe I should exit till the wind down of stimulus has its affect on the sector then decide if I should get back in. The dividend is only thing preventing me from bailing today near 20.
I would appreciate any constructive thoughts or ideas.
And the winner is:
Looks like IWB is not as dumb as you think.
Up 5% in an hour as I type!