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American Capital Agency Corp. Message Board

tomg86402 7 posts  |  Last Activity: Jul 10, 2015 11:53 AM Member since: Mar 22, 2007
  • tomg86402 tomg86402 Jul 10, 2015 11:53 AM Flag

    I thought the same thing, then I looked at price history and decided that the recent sell off from $14 range to the $11 range was all about the dividend cut that some knew about before the announcement. If you go back to the $14 price less 22% brings this down to the $10.90 range. Today's drop is over reaction in my opinion. I added today at $9.80 and will take the 17% while the dust settles. JMO

    Sentiment: Buy

  • Reply to


    by crusaderdog358 Jun 30, 2015 9:00 PM
    tomg86402 tomg86402 Jul 2, 2015 2:55 PM Flag

    Some of us are lurking in the weeds. I had to do a double take on today's price move. Size of the bid makes me think you are correct about good news.

    Sentiment: Buy

  • Reply to

    Yield in a rising rate enviornment

    by nofzac Jun 17, 2015 12:42 PM
    tomg86402 tomg86402 Jun 17, 2015 1:47 PM Flag

    The fed can raise short term rates, but long term rates may or may not rise. A flattening or inverted yield curve can kill mriets. MORL also has a liquidation clause and in the event of a large panic market sell off, MORL may not be around for a rebound. JMO

    Sentiment: Hold

  • Reply to

    Strange Bid Action

    by billabeau567 May 21, 2015 4:43 PM
    tomg86402 tomg86402 Jun 9, 2015 11:33 AM Flag

    Perhaps your order was placed with a restriction of "all or None" meaning you would not allow just a portion of your order to fill. If that was the case, a lower bid might show up ahead of yours. jmo

  • Reply to

    ubs how do they make their money on morl?

    by paulstutz May 17, 2015 5:17 AM
    tomg86402 tomg86402 May 17, 2015 12:10 PM Flag

    The way that UBS makes money on ETN'S is proprietary . They do not share that information. In my opinion, they do own the shares of the underlying reits. The advantage to owning the ETN through UBS as opposed to doing it yourself through a margin account is the cost of funds you would pay compared to the cost of funds available for UBS.

    Sentiment: Buy

  • Reply to

    I don't get this at all?

    by morl333 May 8, 2015 9:38 AM
    tomg86402 tomg86402 May 8, 2015 3:19 PM Flag


  • Reply to

    Good opportunity to buy MORL on sale

    by amiculus60 Apr 29, 2015 11:32 AM
    tomg86402 tomg86402 Apr 30, 2015 11:08 AM Flag

    Posted on April 10th:

    I do not worry about a small hike in short term interest rates. I do worry about short term rates going up while the long term rates stay the same or decrease. The yield curve can kill mreits. I do not want to be around if we move toward an inverted yield curve.

    One year ago the spread between the 3mo (0.04%) and the 10yr (2.77%) was 2.73% Today the spread is 1.84%. Mreits borrow short term and invest long term, making money on the spread. As the spread tightens, the ability to make profits without increasing leverage gets harder to do. Things will be great if short and long term rates rise slowly at the same level. That does not appear to be what is happening over the last year.

18.960.00(0.00%)Jul 29 4:00 PMEDT