well I laughed. i hate paying the dividend on these turkeys.
Bought 10 Jan '14 AGNC 30 Puts today @ 4.20
I'm guessing that the fiscal cliff euphoria is about played out and PPS will meet heavy resistance @ the 50 dma (31.08). AGNC just filled the 31.05 gap from 12-21-12. Am guessing/hoping that it fills the 29.04 gap next as there are no positive catalysts near term and debt ceiling drama ahead in Feb.
If I'm wrong ... Plan B = Sell Bull Put spreads against these Jan '14 30 Puts. I'd like to own AGNC long term, just think it's going lower near term.
Good luck to you,X with that recovery. Fwiw, I exited today with a 17% loss. A little sadder but wiser. And happy to be (mostly) out of stocks for the rest of this year. Best to you, Doc and all the AGNC-ers. Happy New Year, all. :)
CONGRATULATIONS to the longs here!
I enjoyed reading your thoughtful comments here, investormdpart2 and many others.
I think you pulled that theory out of your bussward and that your "experience and discussions with experts in this field" amount to diddly. The market has taken a decidedly stubborn 'SHOW ME' attitude towards this CEO and this company to the extent that only a press release confirming some kind of deal -- any deal -- re: 387 will set the stock price free.