We should have a nice buying opportunity coming up soon. The volume is low. We're at the 50 day ma. Interest has waned. Stochastics show oversold. RSI is approaching oversold. I think we will drift down into the $12s, and that's the time to start nibbling before earnings. If they report earnings in the one dollar area, which I think they will, the next resistance level should be $20. Get ready.
Good Post. I've been long on IMH a very long time, holding some shares before the downturn. I forgot about them! I've since sold them, and then changed my mind and sold some 12.50 april puts for $2. It seems that October profit report was good news and now people are expecting more of the same and possibly a dividend announcement? Looks like people are buying this stock in anticipation of an announcement, and when it doesn't occur when they expect they sell?