I am sort of autistic. I am only good at video games and trading. Pretty much #$%$ with everything else. I don't even bother posting all of my trades but i do when i remember to. it would just be too much to write or sometimes I forget to post. probably stupid to post it anyways.. but hey.. my IQ is approximately 80 so.. i am pretty dumb in theory.. in practice not so much... in fact most people I've met over the years consider me "highly intelligent and knowledgeable" .... their words not mine. I could careless.. all I care about is that I'm cute and adorable ~.^
Looks like i got the last trade spot on... AGNC is up pretty nice in after hours.
20,000 shares of AGNC. total improvement of 0.60 per share today. 0.40 from the stock itself and 0.20 extra from swaps.
yeah.. while you lose money being short and wrong. 10 year could go back to 1-2 pct range if the US economy goes back to recession next year or slows significantly. future interest rates are not baked in stone.. couod go either way but agnc will manage through it and discount to book prices worst case in. only upside from here.
CIM is about the worst one you could have picked. They are baddies. Get long AGNC at today's price (it's going up silly) and MTGE as well... grab some MITT-PB while you are at it. Those preferred stocks are super cheap and they can't cut your dividend. nearly 10% yields.
AGNC outperforms MTGE during MBS rallys and under-performs during mbs selling offs.
swapped back.. sorry.. took you down to $18.15 for now.. but don't worry! it's temporary.. probably.. i will swap back soon when AGNC gets a run on MTGE again. It should give MTGE a new high next time i do it. Hopefully.
Time to hold out... let AGNC really move lower vs MTGE. $1.35 spread coming? Let see if we can get a better deal on the next swap. Taking a break for now.
Just did it again!! pushed the price of MTGE UP! Using 3k block sizes... kept taking the ask.. where is my thanks?? I pushed this stock up myself... kind of weird considering it was only around 400k $ worth... too funny.
to swap, the trick seems to be $1.70 sell AGNC buy MTGE.. and 1.50 buy AGNC sell MTGE.
Bought 21,500 MTGE @ 18.20.. did it to help push the price up. Sold AGNC @ 19.82. Figure AGNC has ran on MTGE too much today. Time for MTGE to make a come back!
AGNC bought back 7% of common.. increasing book value by 1.5% from where it otherwise would be... they are beasts at defending shareholders.. I am staying there.. that or MTGE..
No i'm not jelly.. the book value of $16.76 includes the first 2 months of income for the quarter.. when it all goes ex-dividend you have a book around $15.50 after December mbs move. GROSS. negative returns again for WMC.
Yep cuz WMC is god-like and deserves a larger premium despite lower economic returns than AGNC over the past year... makes sense. Ya no risk there.. right?
yeah they are just trying to not pay for the distribution by issuing stock instead... to conserve management fees i am guessing.
cash and stock... no more than 0.80/share of cash.. they are trying to issue more stock. so if the dividend was cash they would just have 0.80 dividend.. but they are trying to peddle out stock too.
Didn't factor in today. oh well. Always tomorrow.