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IMPAC MTG HLDGS INC Message Board

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  • alxdolce alxdolce Jul 9, 2005 3:27 AM Flag

    How thin can the spread get???

    The spread has nothing to do with IMH's perception at this time. In the long term, you'll be fine, BUT why would anyone hang onto a stock at $18 when you can take profits and buy back in cheaper?
    Talk to NielDIStorts and he'll tell you how smart he was staying long at $22. He was SO cocksure that it would continue to move up.
    He could have booked profits and even if he bought back TODAY, into the rally, he'd have increased his wealth in IMH by TEN PERCENT!
    Goddamned fools

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