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American Capital Agency Corp. Message Board

ps1554 27 posts  |  Last Activity: Jul 21, 2015 9:12 PM Member since: Apr 14, 1999
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  • ps1554 ps1554 Jul 21, 2015 9:12 PM Flag

    Those are their rules in regard to the company not repurchasing shares during the "blackout period" that is not the law. Meaning they can change their rules. the law in question is "Rule 10b-18—Purchases of Certain Equity Securities by the Issuer and Others". It states that you should not repurchase shares when you have undisclosed information that if/upon release would cause share price volatility, and compliance with Rule 10b-18 isn't mandatory. Example, company is in merger negotiations. If they were going to be purchased at a premium to current market price, the company by executing a stock repurchase prior to disclosure would be acting at a detriment to current shareholders who sold, and wouldn't have sold if provided that information. Now, if RSO knows that they are going to miss the earnings estimates or lower the distribution, they should not repurchase shares either, since that would not be in the best interest of shareholders (paying to high of a price), but if they knew that there was no news on the horizon that would have a material impact on share price, they should repurchase stock in the best interest of shareholders, they just can't do it for their own account or provide that information to a select few. There hiding behind their rule. Heads they win, tails you lose.

  • Reply to

    BUY OUT 20.00 dollars per share.

    by lafittes Jul 16, 2015 6:04 PM
    ps1554 ps1554 Jul 21, 2015 12:29 PM Flag

    and the next time the Russell 2000 is updated they will be removed since they just lost a third of their market capitalization. At this rate they won't make the Russell 3000.

  • Reply to

    Crystal ball chart readers..............

    by jkprice Jul 14, 2015 11:18 AM
    ps1554 ps1554 Jul 17, 2015 4:30 PM Flag

    worse case scenario, it breaks down, and we blow through the old 52 week low. this is somewhat uncharted territory, the last time it traded this low was 2009. In general I am not bullish on the market. My gut tells me I should be taking money off the table, not putting more on. I like NMM, but not at any price.

  • Reply to

    Mary, or other

    by jrfillion Jul 17, 2015 9:57 AM
    ps1554 ps1554 Jul 17, 2015 10:11 AM Flag

    I'm starting to think that ARP is trading at levels indicating they will wind up cutting out the dividend completely, or that they will be bankrupt if oil/gas stay at these levels for any considerable time. If their position in NG was so compelling their stock price wouldn't be falling of the cliff like this. MWE a much more pure play NG MLP was bought this week for almost 16B. Their share price even before the announcement was relatively unchanged YTD, ARP is down something 60%
    It might be cheap for a very good reason.

  • Reply to

    Comments on Seeking Alpha article

    by jbcguy Jun 27, 2015 2:22 PM
    ps1554 ps1554 Jul 16, 2015 2:23 PM Flag

    the streak keeps going, down 30% in 2 weeks. If they don't cut the dividend, we are snapping back up.

  • Reply to

    After 11 yrs....

    by maven1na Jul 8, 2015 4:34 PM
    ps1554 ps1554 Jul 16, 2015 10:06 AM Flag

    just came back to this board, I had held for years and sold the day Gross got fired, surprised to see that the premium to NAV has held. Looks like it has performed as well as the general HY market since then. GLTA

  • Reply to

    Now at $8.71

    by dwightmehring Jul 15, 2015 4:02 PM
    ps1554 ps1554 Jul 16, 2015 10:02 AM Flag

    If you think it's going to wallow around for awhile, why wouldn't you sell new, take the tax loss and buy back in 30 days? just asking. of course if it's in a tax deferred account....
    Personally, my avg cost is 12.25, I am looking to sell on any rally and replace it with MORL. At the end of the day these small mREITs are to volatile.

  • Reply to

    Crystal ball chart readers..............

    by jkprice Jul 14, 2015 11:18 AM
    ps1554 ps1554 Jul 15, 2015 11:43 AM Flag

    my take, broke support at last week when it closed below 10.35. now it looks like a descending triangle is in place, and we are near the apex point. based upon the stochastics, RSI and MACD I don't think we are going to break out on the upside. If we do 12/12.50 is in the cards. Otherwise I am looking to buy sub 9.

  • ps1554 ps1554 Jul 15, 2015 9:14 AM Flag

    Looks like I was wrong reading the charts. Seems that management timed the secondary offering last April at just the right place. Not sure if I would add right now, like the company just not the market nor the price action on this stock at the moment. Not selling, just not adding.

  • Reply to

    What a Deal!

    by finepilsner Jul 13, 2015 12:44 PM
    ps1554 ps1554 Jul 13, 2015 7:47 PM Flag

    Bought this back in 2009 for the dividend, sold on 12-31 at 67.50 locked in profits and offset losses in other oil, mreits and BDCs, kept on eye on this but never bought back in since I was looking for a higher yield. Sorry to see them disappear. Wonder what this will look like next April come tax time for current holders.

  • Reply to

    New Low of $8.90 on HEAVY Volume!

    by corsage_isle Jul 13, 2015 10:00 AM
    ps1554 ps1554 Jul 13, 2015 10:11 AM Flag

    almost a million shares now, and there is a short sale restriction in place. who would have thought that in 10 days you would see this thing plunge for almost 13.

  • Reply to

    buying

    by bobbyjopro Jul 10, 2015 1:56 PM
    ps1554 ps1554 Jul 10, 2015 3:08 PM Flag

    The price of ORC proves that one can be wrong both in the short term and long term. Does this qualify as a black swan event?

  • Reply to

    delayed price action

    by ps1554 Jul 10, 2015 12:04 PM
    ps1554 ps1554 Jul 10, 2015 12:18 PM Flag

    are there still market makers in this day of all of these electronic exchanges? Besides, who would want to be the market maker on a stock that averages only 500K shares a day?

  • weird, I saw the announcement before the open, then when we opened down a bit on low volume, it didn't concern me. I went out to cut the lawn and now were down 15% on big volume, why the delay, I would have thought if people wanted out the would have sold during the first 10 minutes. Can't be small retail guys like me with stop orders that caused the delayed sell off. Not that a rational explanation will make the pain less. Until two weeks ago this was one of my better performers.

  • Reply to

    Beautiful...and finally

    by theheckwithtech Jun 29, 2015 10:33 AM
    ps1554 ps1554 Jul 10, 2015 11:51 AM Flag

    looks like there was a fire behind all that smoke.
    I think 9.80 will be the new floor +/ a bit. that puts it at a 17% yld, which is where we were at before last weeks action and today's announcement.

  • ps1554 ps1554 Jul 8, 2015 2:37 PM Flag

    china does matter, iron ore hit a 7 year low today. no demand for ore, no need for bulk shippers. I am reducing my margin debt. this is starting to feel a lot like the summer of 1987. hope am wrong.

  • Reply to

    Greeks vote NO!

    by mizesaw Jul 5, 2015 2:11 PM
    ps1554 ps1554 Jul 6, 2015 4:08 PM Flag

    was watching the order book, and it seemed that some was stepping up to the plate at the 10.38/10.40 level. bid would show up at anywhere from 15k to 20k, if it rallied to 10.45 the bid would disappear. Whoever it was thanks, because below that there was nobody willing to buy with any conviction. this isn't just a greek shipping issue, I don't like the general market sentiment. I lost more today on oil and Chinese related issues than on NMM.

  • Reply to

    Beautiful...and finally

    by theheckwithtech Jun 29, 2015 10:33 AM
    ps1554 ps1554 Jun 30, 2015 6:32 PM Flag

    I bought more MORL at 18.64 yesterday, ARP at 6.35, and sold a bunch of ARR at 2.91 and 2.95 premarket today. I am slowly getting out of my individual mReits and bdc's and replacing them with MORL and BDCL. Hopefully it will work out, because I got hammered on a few of them.

  • ps1554 ps1554 Jun 30, 2015 6:26 PM Flag

    The IMF loan that is passed due did not help out the Greeks, it bailed out the irresponsible German bankers that leant them money like there was no tomorrow, collecting the fees and trying to pass the debt onto others. When there were no more patsy's willing to take the junk off their hands they got the IMF to lend the Greeks the money so they could get their skin out of the game. What Merkel has done the last few years is hypocritical. The Germans and the rest of the strong European economies have made out like export bandits with the low euro due to the problems in the peripheral countries, which in reality they don't want to fix otherwise they would off years ago. Where do you think the German economy would be if each country went back to there old currency, the DM would be strong and the German export market hurt. I'm not pro Greece, they do have problems, nor am I anti German, they do a lot of things right there that I wish we did here in the States, but there is plenty of blame to go around and it all shouldn't be put upon the Greek people to shoulder.

  • Reply to

    Comments on Seeking Alpha article

    by jbcguy Jun 27, 2015 2:22 PM
    ps1554 ps1554 Jun 29, 2015 11:37 AM Flag

    I expect a cut in the distribution. Only because I just bought more, seems lately I'm about the best contrarian indicator around. If not for negative correlation I'd have no luck at all.

AGNC
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