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jmacjohn

jmacjohn
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  • American Capital Agency Corp. - Book Value Resilience In The Face Of Rates Back-Up [View article]
    These so called analysts are just pawns for the power brokers. Still scary when you see someone putting price target at 17! Don't know if I have the stomach for this. Maybe trade between 22 and 23 (sell and buy).
    Aug 1 10:08 AM | Likes Like |Link to Comment
  • American Capital Agency Corp. - Book Value Resilience In The Face Of Rates Back-Up [View article]
    First, thanks for the great analysis. Without your insight and that of a few others, some of us amateurs would be "running for the hills". This morning's activity proves another point. Regardless of the reality of a stocks value, the "power brokers" are doing their thing again this morning - shorting the stock down with computer trading, probably to satisfy their derivatives trading. This is not an investors market but a dangerous game. Wish someone would look into this market activity and quit dancing around this issue. It does make a difference!
    Jul 31 10:37 AM | Likes Like |Link to Comment
  • American Capital Agency Corp. - Book Value Resilience In The Face Of Rates Back-Up [View article]
    I bought more at 20.40, so wirh my break even about 22 (counting past dividends) I feel pretty safe right now. My biggest concern is manipulation of the stock by the big players (such as has obviously been done). They have had an excuse up to this point (sort of). What's to stop them from holding the price down even if BV comes up better than anticipated? Please comment on this "market" action.
    Jul 26 10:27 AM | Likes Like |Link to Comment
  • A "disorderly selloff" in hybrid ARMs into the quarter's end nailed Hatteras Financial's (HTS -9.4%) book value, says management on the CC (presentation), noting the presence of a large seller entering the market. Kudos to SA Pro author REIT Analyst who saw the blowup coming and on Monday suggested pairing a short in HTS (and maybe CMO) with a long in AGNC. Looking at today's action, REIT Analyst scratches his head that AGNC is off 3.6%: "Market blindness creates opportunities, but it is annoying." [View news story]
    How do we know that BV will affect future stock price of AGNC and other REITs while the "big money" is setting price for their own purpose (shorting and other manipulation). They can ignore even an improvement in BV if they so choose.
    Jul 24 11:22 AM | Likes Like |Link to Comment
  • American Capital Agency: Time To Give Up? [View article]
    What happened yesterday to the price (+2 ) and today (down) is obviously manipulation rather than emotion or reason. Wonder who is playing this game?
    Jul 12 10:25 PM | Likes Like |Link to Comment
  • Panicky selling grips the mortgage REITs (REM -3.5%) as Treasury yields soar following the payroll report. American Capital (AGNC -6.9%), (MTGE -5%), Annaly (NLY -6.9%) Chimera (CIM -4.9%), Armour (ARR -3.9%), Invesco (IVR -2.7%), CYS Investments (CYS -3%). CYS' Kevin Grant was public a month ago about being a happy buyer as yields rose - a bit early on that call. [View news story]
    AGNC up 2+ yesterday, and already down .40 this morning. One "sale" that took it down shortly after open of about 3/4 million shares. Pure and simple manipulation! Yesterday probably an opportunity to cover shorts. Now they want it down to a level where they can cover some more. Anyone know, or can find out, who the big money boys are that are doing this? Hedge funds?
    Jul 12 10:09 AM | Likes Like |Link to Comment
  • American Capital Agency Corp. - Book Value Resilience In The Face Of Rates Back-Up [View article]
    Reference to your comment on June 25, cautioning me about investing in a "black box", and yes this is somewhat daunting. Problem is I had already invested sometime back, and have collected some handsome dividends. Question really is whether to sell to avoid a large catastrophe or hang on for future promise. Life is all a gamble anyway. Think I'll hang on.
    Jun 27 03:09 PM | 1 Like Like |Link to Comment
  • American Capital Agency Corp. - Book Value Resilience In The Face Of Rates Back-Up [View article]
    WOW! Great article - although I do not understand much of it, why should I with a guy like you to follow? Please continue to keep us informed.
    Jun 25 11:49 AM | 2 Likes Like |Link to Comment
  • Confusion From The Fed Has Driven These mREITs Into Bargain Territory [View article]
    I hold a number of high dividend payers - not just REITs; and they are all taking hits. The "Market" (big money) is now in the game to take money from investors. What safer stocks to short than these that pay high dividends? Short the stock; take your bundle; and wait for the news that will bring the price back up. Buy back in and start the cycle all over! Fear of what the Fed will do is only their excuse - they like an excuse.
    Jun 24 04:06 PM | 4 Likes Like |Link to Comment
  • Mortgage REIT (REM +4.1%) rallies are accelerating as the day draws to a close. Sector giants Annaly (NLY +4.7%), American Capital Agency (AGNC +4.2%) are closing in on 5% gains, while CYS Investment (CYS +6.2%) and Western Mortgage (WMC +7.1%) are threatening 7%. Did everybody realize all at once that higher long end rates combined with ZIRP should allow mREIT managers to invest at very profitable spreads? [View news story]
    Trying to decipher this is futile. How about market manipulation by the robber barons on wall street?
    Jun 13 08:39 PM | 4 Likes Like |Link to Comment
  • The Dividend Income Magical Mystery Tour [View article]
    Very good thought provoking article RS! Keep them coming.
    May 6 09:24 PM | 2 Likes Like |Link to Comment
  • Armour Residential (ARR): Q1 core EPS of $0.18 misses by $0.05. Book value of $6.69/share, down from $7.29 on Dec. 31 (was estimated at $6.70-$6.76 on Feb. 13). Net interest margin of 1.35% off 20 bps from Q4. CPR of 15.7% vs. 14.1% in Q4. Shares -1.55% AH. (PR[View news story]
    Think I'm done with REITs!
    May 2 11:18 PM | 1 Like Like |Link to Comment
  • Swept up in the hit to American Capital Agency (AGNC -8.3% AH) is its sister firm American Capital Mortgage (MTGE -5.4% AH). MTGE differs from AGNC in that it invests in non-agency MBS as well as agency paper, but both share Gary Kain as CIO. AGNC's conference call is set for Friday at 11 ET - how much did February's dilutive secondary hit the Q1 numbers? [View news story]
    Guess I do not understand all of this. Dividend not mentioned, unless I missed it. Guess you don't pay if you lose money/
    May 2 11:13 PM | Likes Like |Link to Comment
  • 15% Dividend Payer New York Mortgage Trust Is Growing Quickly Into A Contender [View article]
    Thanks for the reminder. I bought NYMT last Feb at $7.08, collected four nice dividends, and today it closed at $7.23. Wish I could say as much about ARR. Will sell it and buy more NYMT.
    Mar 13 10:39 PM | 1 Like Like |Link to Comment
  • Armour Residential (ARR) -1.5% premarket after cutting its monthly dividend to $0.07/share from $0.08. It's the 2nd cut in as many quarters. (PR[View news story]
    Well said, both of the above. The big boys who play this game live by greed. The SEC is a joke!
    Mar 13 10:11 AM | 2 Likes Like |Link to Comment
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