Thursday, August 9, 2012

Insider Buy in AGNC

Gary Kain, the president of AGNC, bought 20,000 AGNC on Oct. 7th 2012. This guy frequently buys at oppurtune times. He also paid $32.75 so he hit the bottom of the market. AGNC took a loss for the quarter this time.

Sunday, August 5, 2012

Silver margins reduced by 11%

Last year they were raising them now they must see silver as less risky. They are willing to loan you more of their money to buy silver now. China has been buying gold lately, just in big enough quantities to stay under the radar, South Korea buying also. The bankers seem to think gold is on its way up.

Thursday, August 2, 2012

ARR does offering tonight

ARR has dropped ro $7.46 after hours from the $7.70 close.  They are selling 50 million shares of common stock. I think they have had 9 offerings this last year.


AGNC has been doing very well lately but I do notice some insider sells recently made. The earnings comes out today after the close. Silver is kind of neutral the last few days. There is reported to be more shorted than exists by some commentators. They have to eventually buy it back or else take delivery. I do not know if we just simply do not understand how the market works or if some kind of an accident with silver will eventually occurr. Obviously they do not want us to understand how it works but I do not see how you can short all of the shares of something. I wonder what a short squeeze would be like in silver?  Be careful trading the ETFs especially SLV. Also  be careful with the physical because someone could steal it on you.
   FTR is one of those stocks that seems to have hit bottom and is going back up. They made $.08 cents a share or 2 cents over expectations. They also seem to be doing a lot of contracts that indicate future growth. They suffered from some loss of business but seem to havce bought some contracts from Verizon. I got FTR at $3.68 and it is $4.37 now in the afternoon. It still may go up more. FTR also has a 10.5% dividend that they just declared a few days ago.