• Ocean Man
    $AGNC up 1.3%, $NLY red.
    5/31/13
    Reply (9)
    • inandoutnevertoolate: I actually like $NLY and bought some yesterday. Do you prefer $AGNC or are you pointing out that they should be moving together?
      5/31/13
    • TruffelPig: They shouldn't move together - their risk profile is very different actually.
      5/31/13
    • TruffelPig: There was an article on that recently here. NLY is more like Two Habors.
      5/31/13
    • IALF: Truffel, I was just noticing that similarity. Went into $TWO yesterday hoping I found bottom - looks like I should have waited a day or two.
      5/31/13
    • Ocean Man: They shouldn't trade exactly the same, but they often do. I was pointing out the divergence and AGNC fell nearly 3% from there.
      5/31/13
    • TruffelPig: Agree 100% OM. I guess most buyers of the shares thing they are similar because they hold agency type of mortgages but they forget
      5/31/13
    • TruffelPig: how they leverage and also how they protect their portfolios. The hedging is kind off oposite in NLY and AGNC.
      5/31/13
    • TruffelPig: Here is the link to the interesting article: http://seekingalpha.com/a/vk41
      5/31/13
    • Ocean Man: NLY's acquisition makes them even more different.
      5/31/13