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American Capital Agency Corp. Message Board

salipenta 2 posts  |  Last Activity: Oct 13, 2014 8:27 AM Member since: Jul 3, 2002
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  • salipenta salipenta Oct 13, 2014 8:27 AM Flag

    well, the way I see it is I've already "lost" on paper so I have 2 choices. I can either sell my position, realize the loss and lick my wounds. Or I can collect the dividend, average down and wait for price appreciation again. I believe in the latter.

    Over the very long term this will do very well. The Saudis are deliberately lowering the prices in order to destroy the booming US oil industry but I don't think that will last very long. The days of the middle eastern oil barons are numbered. Combine that with the inevitable plunge in the USD and I have my reason for investing in oil and gas trusts and MLPs. Timing may be off but who thought we'd see $85 oil again?

    Best of luck to you.

  • salipenta salipenta Oct 10, 2014 9:39 AM Flag

    haha.... as good a reason as any. I've heard musings that MLPs and trusts are down because interest rates are on the rise hence money is moving into fixed income. Really? So one will sell an 8-10% yield in VNR for a 2-3% fixed income investment? I think not.

    Sentiment: Buy

22.98-0.32(-1.35%)Nov 25 4:00 PMEST

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