I have a large five figure holding in IMH. This morning I decided to put my odd lot of 558 shares on the market @ 15.50. I like keeping my holding in the even thousands. After the close my computer buzzed indicating a trade had taken place. Looking into the trade I was surprised to see I had sold my odd lot @ 15.50!! A large trade had occurred at the close indicating to me that IMH is either on the block or someone is very interested in swallowing it into their entity. Next week should uncover the swallowing entity!!! love this stock. I may finally retire in Hawaii!!! ALOHA!!
Yeah -- totally crazy how it trades the whole day at $14.70ish and then jumps to $15.50 (good for you). I have to wonder on this stock sometimes how the bid/ask is made because of the volatility. I figure they start having strong quarterly earnings over the next 18 months and the PPS will go up and bid ask will normalize a bit.