June 28, 2010

Sold AGNC at $28.50

Sold AGNC position at $28.50.  AGNC drops by almost exactly the amount of their dividend once they announce the dividend at the end of the quarter. Because my capital gain of over $2 per share healthily exceeds the $1.40 per share dividend, I'm taking the capital gain rather than the dividend.


You can see this clearly on the graph, with the big purple arrows showing the quarter dividend announcements and subsequent drop.  I'll buy into AGNC again if it drops of to $25.

Next time I'll try and sell it short as well.

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