• Ocean Man
    AGNC secondary as predicted by yours truly.
    7/17/12
    Reply (23)
    • losbronces: Here is the press release: http://bit.ly/MiaF3t;highlight=
      7/17/12
    • Ocean Man: Shorted it at 34.70 in the ACHI. Should go down more than 1.6%. Probably a buy at some point tomorrow though.
      7/17/12
    • bradyc: roger that, 34.66!
      7/17/12
    • sector: Keeps getting lower, hopefully even lower tomorrow before the opening.
      7/17/12
    • losbronces: I expect the new shares will be priced close to book, that is below $30.
      7/17/12
    • DaLatin: Yes andI was taken out at 34.55 today and after it now !~ :>>))))
      7/17/12
    • DaLatin: In @ 34,52 boop boop be dooo
      7/17/12
    • losbronces: DL> You don't think it will go below $30 with the secondary?
      7/17/12
    • DaLatin: Opps taken out at 35,55 as a few cent higher then yesterdays high ! But, ittl b back like ARR TWO CYS QRE etc. After Ben 2day big Sweet spot
      7/17/12
    • sector: It will not go even close to $30. Neither did CYS nor TWO. It very well may stay at its current price $34+
      7/17/12
    • DaLatin: I agree or may be back to 35 tomorrow or by weeks end... In full bore
      7/17/12
    • DaLatin: Even ARR back to 7.40.. Unemployment staying in 7%s till who knows when and 1/2 Ben's mandate. Rate increase.. Dont think so
      7/17/12
    • DaLatin: Sorry Los, was excited & missed the NO! Not 30 and back to 34.65 ask now !~
      7/17/12
    • sector: For it to go to $33 means 11.65% drop, not going to happen, 5% doubtful. Will do as DaLatin suggested for TWO and jump straight in tomorrow.
      7/17/12
    • DaLatin: I didn't wait. TWO clawed all the to green. Look at 7 am when non SAers see the news and try and give it to you :>) Below 34.50 & I buy more
      7/17/12
    • DaLatin: 34.57 to 58 ask now is fairly safe entry and ACHI open till 8
      7/17/12
    • Ocean Man: Wait til they announce the pricing of the secondary to buy. My guess would be 33.50, but it could be lower. This has a much higher premium
      7/17/12
    • Ocean Man: ARR, CYS, & TWO. The size of the secondary also matters. This is 32M shares plus 5M for underwriters which is 12% of the float - pretty big.
      7/17/12
    • DaLatin: 2 late for me ! I'm in & will buy more @ 34,but,trend towards rebound tomorrow as 15% divvy in todays Fed low rate world really attractive !
      7/17/12
    • Ocean Man: It's funny that even though I called this 3 days ago, http://seekingalpha.com/s/5w3vz
      7/17/12
    • Ocean Man: Thurs and Fri would have been worse short entries than today in the ACHI post-announcement. AGNC has been a rocket ship.
      7/17/12
    • DaLatin: Yes&I asked because would have said the drop wouldn't b big enough.Don't think it reacts again as tday's like rumor & pricing shouldn't doit
      7/17/12
    • DaLatin: SA already got a piece ! http://seekingalpha.com/a/flb9
      7/17/12