The new mreits won't have the same discount to book. It doesn't matter if they are new or not.. NAV is NAV.. and you can always sell assets and replace with higher yielding ones.
i didn't lie. Give me your email address and I will send you a copy of both trade confirmations.
was pulling a reik-reik lol. mitt should get a nice bump tomorrow vs other mreits.
yes i liked MITT a while ago. Funny thing, i ended up with the same number of shares of MITT that i had before because even though MITT's stock price outperformed AGNC, my hedges on AGNC gave me enough money back to almost exactly get my original shares back lol. Don't worry.. after NFP tomorrow I will probably switch back to AGNC if AGNC sells off more than MITT and savings from swap to hedge up.
Not bad.. MITT has much lower rate sensitivity.. only reason MITT dropped 3% in Q3 was to reposition the portfolio when MBS was lower than at the end of Q3. $19.52 AGNC SELL, $15.30 MITT buy.
yes i missed that one =( But at least mbs and treasuries are not down by much. NFP i think will be 240k.
12/04/2013 15:31:17 Sold 190 AGNC Dec 6 2013 20.0 Put @ 0.7 $13,145.70
Some withdrawals from bills came in and i guess that's why it showed up at cash + $12,891.68 on the day. So reality was i got $13,145.70 from the sale of the puts.
i renamed the article. it is published now and called "Why management Should Matter To Mreit Investors"
yeah i was talking about this last week.... stronger econ data coming thru. But I think GDP misses tomorrow but I think NFP comes in around 235k on Friday.
I think GDP comes in around 2.6 to 2.8.. estimates are 3.0. So look for a possible pop if you agree with me... it just seems a little on the high side.. so there is plenty of room for a miss.
Forgot to mention that I used some of the proceeds to buy 600 more shares as well so I am up to 19,600 shares.
Overpriced, swap to AGNC. sell HTS go to AGNC. Relative strength swap. AGNC has room to recover on the day and then some.