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American Capital Agency Corp. Message Board

turbofever 18 posts  |  Last Activity: Sep 19, 2014 2:03 PM Member since: Jun 7, 2012
  • Reply to

    Sold most of my YHOO at $43.67...

    by rbgambler99 Sep 19, 2014 1:06 PM
    turbofever turbofever Sep 19, 2014 2:03 PM Flag

    Just pointing this out as a general courtesy, in case you didn't realize it:
    You seem to like reminding people about SDRL. Frequently. 'nuff said?

  • Reply to

    OT: Sector rotation, the market this week

    by turbofever Sep 15, 2014 11:40 AM
    turbofever turbofever Sep 17, 2014 3:21 PM Flag

    Uh, the early unreliable version, or the later improved ones? ;) Hopefully the former. Yeah, I decided to throw historical accuracy out the window and just chose #'s to roughly approximate relative importance. Hey, you're about 40 mins closer to SD than I am by the way!

  • Reply to

    OT: Sector rotation, the market this week

    by turbofever Sep 15, 2014 11:40 AM
    turbofever turbofever Sep 17, 2014 2:16 PM Flag

    One torpedo (the Mark IV Fed) just passed harmlessly by the ship. Now to dodge the Mark I Scotland tomorrow, the Mark VI Alibaba and the Mark I Options-Expiration on Friday, and see if next week lands us in clear water or a minefield ;).

    Just gotta have fun with this considering such a scary looking week may end up mainly being a non-event (though, the sector rotation a few days ago was a bit painful for some of us).

  • I'm wondering... With no "10% market pullbacks" having happened or apparently likely in this age of central bank easy-money, it could be that deep sector rotations every 4-6 months could be the new norm for how the market operates, never correcting as a whole but instead in small, intense pieces...

    Biotech, oil, some tech stocks, and most momentum stocks seem to be feeling the heat right now.

    Hard to say anything with conviction until this week is over though. With the huge Alibaba IPO sucking the capital out of everything (especially momo stocks), the usual Fed nervousness re: Weds, and then a big options expiration this Friday... It's a lot of torpedos in the water. Hopefully they pass by the ship uneventfully.

  • Reply to

    O/T....Forget SDRL....buy YHOO.

    by rbgambler99 Sep 8, 2014 1:35 PM
    turbofever turbofever Sep 9, 2014 2:39 PM Flag

    Another seemingly good choice: AI.. The non-mREIT, mREIT ;)...

  • Reply to

    GLNG secondary -

    by bobdbeck Sep 5, 2014 8:07 AM
    turbofever turbofever Sep 6, 2014 9:02 PM Flag

    Agreed, I don't try to leg into most spreads either. If there ends up being any real time separation between legs on my part, then usually it's because I started with a directional pure-play without intent to spread, and then later the stock ran strong in my favor and I decided to turn the position into a spread.

  • Reply to

    GLNG secondary -

    by bobdbeck Sep 5, 2014 8:07 AM
    turbofever turbofever Sep 5, 2014 6:43 PM Flag

    Nice work on the covered calls! Can't hurt after this nice run up you've enjoyed, and gives a little downside protection. It sure seems like Apple should be breaking past the recent highs soon, especially as this will be a huge iphone refresh given the larger screens. Do you try legging into your spreads by the way or do you "keep it safe"?

  • Reply to

    GLNG secondary -

    by bobdbeck Sep 5, 2014 8:07 AM
    turbofever turbofever Sep 5, 2014 12:05 PM Flag

    I forgot to add.. As a counter-point, SFL is essentially unchanged today, and that's a JF company too...

  • Reply to

    GLNG secondary -

    by bobdbeck Sep 5, 2014 8:07 AM
    turbofever turbofever Sep 5, 2014 12:01 PM Flag

    Heyya Huff.. While I don't think it's fully responsible for the drop in SDRL (and note the other drillers are also down 1%+ today), I'd think it's exerting some influence. JF is known for his very LT thinking and holding of shares through thick and thin.. To suddenly jettison such a huge position like that and without any commentary... Imaginations can definitely get the better of people as to the "why".

    At the very least, it is a reminder that he is capable of exiting a large position unexpectedly, and previously it wasn't something that was factoring into the thinking of the shareholders of his companies.

  • Reply to

    PSEC HAS BEEN UPGRADED...!

    by staggman99 Sep 2, 2014 10:03 AM
    turbofever turbofever Sep 2, 2014 2:07 PM Flag

    While I'm not Bob ;), but my .02c for what it's worth (less than .02c?) is that the most prudent course would be to wait things out on PSEC until the next ER or until the next set of divs (Jan 2015+) are announced, whichever comes first. Right now the risk of a small div reduction is a real possibility and that could move the stock price notably (and likely present the "real" buying opp).

    On the positive side, PSEC just made good on what they recently said in their CC about reducing their borrowing costs -- an expanded $1.5B revolver that's half a percent cheaper than their last one. But that's not enough by itself to get them back to covering the current div. They have eaten away at most of their reserves this year and don't have much buffer to spare, and there's a decent gap between the current div rate and their NI. The SEC event earlier this year is partially to blame and a one-off issue (we hope ;)) but it's a stretch to say this early that they are going to go back to reasonable div coverage, given the interest rate environment & competition.

    FYI I had a very substantial long position (nearly double Bob's) and liquidated partially on the day of the ER (at $10.97) and the rest in the days that followed. I will be looking to get back in later this year once there is more clarity on sustainability of div coverage.

  • Reply to

    Buying Ideas?

    by dmbinhburg Aug 19, 2014 10:20 AM
    turbofever turbofever Aug 20, 2014 12:07 PM Flag

    So did some of the Bimini guys go to ORC, with others going to ARR? I notice they are both located a few blocks from each other, too. I was in ARR years ago, while it bounced around in the low-to-mid $7's. Enjoyed the monthly divs and "low drama" for a little while, but as realization sunk in after a couple quarters about just how opaque management was, how little communication they gave.. And given their background.. I was lucky to sell near the highs (~7.6) as the div cutting continued.

  • Reply to

    Weak Market....Scary

    by rbgambler99 Jul 17, 2014 12:05 PM
    turbofever turbofever Jul 17, 2014 1:19 PM Flag

    Weak markets can be scary... But, uh, we don't appear to be in one ;). Or are you going to begrudge the market for dropping a little today & then mostly recovering on news that a passenger jet was shot down over Ukraine, not even offsetting yesterday's gains?

    Sure seems to me like it's continued to be a honey badger market!

  • Reply to

    ARCC just announced a SPO

    by turbofever Jul 15, 2014 5:56 PM
    turbofever turbofever Jul 16, 2014 12:33 PM Flag

    Thanks for the comments, all. I bought in at an average price of 17.0. Had hoped when it was briefly in the mid 16.9's around market open that it would take a little leg down but instead it pretty much found its footing at the offering price (16.99) and held it. This SPO went fast. Most of the shares were placed in the first hour. Here we are just 3 hours into the trading day and we're approaching the fully-subscribed level. Note that they upped the quantity of shares being sold from yesterday's announcement.

  • Reply to

    ARCC just announced a SPO

    by turbofever Jul 15, 2014 5:12 PM
    turbofever turbofever Jul 15, 2014 11:22 PM Flag

    Hello, Turbo! To answer your question, the last NAV was 16.42 at the end of March.

  • 11.9 mil + 1.78 mil (underwriter option) shares. Tomorrow might be a good entry point. Anyone own ARCC and/or have any thoughts on it?

  • Ares Capital (ARCC) just announced an SPO for tomorrow. 11.9 mil + 1.78 mil (underwriter option) shares.

    I recently started considering ARCC for my BDC portfolio, I might make use of tomorrow's weakness for entry. Anyone own it and have any thoughts? What's the last reported NAV?

  • Reply to

    FSC

    by williamlebotschy Jul 11, 2014 10:16 AM
    turbofever turbofever Jul 11, 2014 4:04 PM Flag

    Started my position at 9.73.

    Have a great weekend everyone!

  • Reply to

    FSC

    by williamlebotschy Jul 11, 2014 10:16 AM
    turbofever turbofever Jul 11, 2014 3:04 PM Flag

    I'll likely be buying some today as well, to start averaging in. I was hoping to see it weaken a little more but it picked up strength instead. Wow, look at that 600,000 share $9.74 bid that's on right now. Guess this thing isn't likely to go below 9.74 in the near term :).

AGNC
22.46+0.33(+1.49%)Sep 19 4:15 PMEDT

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