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huthutho

huthutho
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  • American Capital Agency: Why It's Time To Sell Now [View article]
    I sold NLY (my only mREIT) when the Fed's announcement was made to get into the biz because I could not see how it would affect NLY and felt the market would react by selling off a bit, possibly resulting in a better buying pricepoint. In the meantime, I've missed out on a divvie... fair enough tradeoff. The Fed could play nice (help maintain the market) or rough (squeeze the mREIT players) and I did not have any specific insight. While AGNC and NLY management may be "good" and on top of what is going on, the fact that NLY chose to be conservative and AGNC aggressive in terms of leverage b/c of their opposite outlooks, I felt it told me that only one will be correct, and I didn't know which one.
    Oct 8, 2012. 12:16 PM | 1 Like Like |Link to Comment
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