[quote=AN][quote=livinincali][quote=AN]AGNC is up 4.43% so far today.[/quote]
LOL, Right after it was down 20% in the past month and a half. It’s actually a pretty scary chart from a bullish perspective. Looks like a parabolic chart that has met it’s end but you never know. I would never buy that chart no matter what the fundamentals are, but you can always beat the odds from time to time.[/quote]
I’m that worried. It’s still higher than where it was at the beginning of the year before dividend. Talking technical, it’s well below the bottom of the bollinger band. Every time I see stocks fall below that, they always at least bounce back into the band before falling again (if it continues to fall). I just think it’s over sold ATM. We’ll see if I’m right or not, but I just bought some this morning.[/quote]
I’d certainly expect a bounce at some point, but it tends to be easier to play the trend rather than the counter trend rallies. Counter trend rallies can be quite explosive but they are so incredibly difficult to time so I usually end up breaking even at best on a counter trend rally. By the time I realize the bounce started and the bounce is over I’m net nothing.
