REITs are showing you what the stock market is going to be doing in a few months. Going straight down! The question what will be a fair price for the REITS in a few years. I can see this at 10 in a few years! The FED has made this possible with there ponzi zero interest rate scheme.
The price of the stock is falling because the divi is going to be cut. currently paying means nothing. It's what will it pay in two years?
Agree will be headed south and absolutely no buyers until taper is announced. That's the way the market works, sell the rumor buy the news. Probably will bounce at 18 to 20, then the plunge.
Price and Volume action shows extreme weakness. Market off like a rocket and AGNC down. This tells me that 18 is coming real soon. The big money is selling on any strength to get out.
Boomers want safe investments over yield. Boomers remember the 55% market crash of 2000 and 2007 and know another one is coming. That is why AGNC will continue to tank. It is just too risky with yields now rising for the next 5 years!
The volume and price action of this stock looks terrible. Something bad may be lurking ahead so this one is for extreme speculation or gambling only in my opinion.
So when the line in the sand 20 is busted what are you going to do. The big boys will likely dump millions of shares and take a tax loss. What are you gonna do, hold or fold?
Price and Volume action show 20 will be hit and tested. No brag just fact.