It has gone up like a rocket. Yet there hasn't been any other news that would explain the climb in its stock price. I have a strong feeling that the shares are priced to perfection. Thus, I'll assume that the run-up will continue well into the $15 to $20 a share range before long.
I think the earnings and the announcement of reverse mortgage offering has propelled the stock price higher. If I have learned one thing trading this stock for years now is "never be a bagholder" here. Never get complacent in the hopes it will go higher and hold this stock.
you cant make a comparison of the stock from 2yrs ago til now...the environment isnt the same. Its easy to say that investors a year or two ago were "bag holders" but in 2012 there is plenty room for growth. Plus with QE3 the years ahead will be good to the banking industry. Only thing in Impac's way is litigation. If we can take care of this, there wont be much in this companies way for a handsome rebound.