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Impac Mortgage Holdings Inc. Message Board

  • halljohn471 halljohn471 Dec 4, 2012 4:08 PM Flag

    This pos is going down....way over bought...#1 on my short list tomorrow

    This should be easy shorting this pos as soon as the bell ring

    Sentiment: Strong Sell

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    • Look at AI and would will see where IMH is going, especially in dividend payout next year!

      • 1 Reply to zip05751
      • Ho Ho. Regretting you didn't get in at $4.50, eh?

        I can't help you with that missed opportunity, but you could try selling a July $7.50 put for $0.7. Then what will happen is that, either you will buy the stock at $6.80/share , or you'll get to keep the $0.7/share as free money. Seems like a deal to me!

        BTW, it is not likely that there will be a dividend payment next year, as IMH is not filing as a REIT right now, and can't until 2014. Meanwhile, they can hang on to all their earnings by using up carry-forward losses. This is great, because they can re-invest 100% of those earnings into growing originations, and increasing book value. Only when there are no more carry-forward losses to use up does it make sense to switch to filing as a REIT again, in order to avoid the double-taxation that C-Corps suffer from.
        The double taxation of regular corporations is the biggest disgrace of the US tax system that the crooked Congress has foisted on America: "Let's tax something that doesn't vote, and pretend that it's not people's money"!

        Sentiment: Strong Buy

    • Over bought based on what? Technicals? RSI? Doesn't show over bought. Stochastics? Don't show over bought. So, what indicates that this stock is somehow over bought? Your gut?

      C'mon, you made a claim. Back it up with something.

      Sentiment: Buy

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