Greenspan close door with last short term rate increase and I sold all 2,300 shares at $8.71. In this situation I just don't see how IMH could perform in close future. With all the law suits it could take a while. I wish you luck.
Alex, take a look on PLB. This stock is on sale at 20c per 1$. Warren Buffet loves stocks like this. Very good one for IRA account. It should double in one year. Cheap, risky, but has very good potentials. It's up almost 6%.
<<<Greenspan close door with last short term rate increase and I sold all 2,300 shares at $8.71.>>>
Svet, you amaze me.
All the way down you've pumped this stock as a buying opportunity. Now, when it actually gets close to becoming one, you dump because...... the Fed raised rates!!! That's been happening for a year, this rate rise was virtually guaranteed, and IMH has sunk to 1/4 of its value during your involvement.
I'm sorry to be so harsh, but you did the same damn garbage over on Fro; telling me how dumb I was to think that fro was trending down. Well, it was, is and will be. But, of course, you sold at a loss and moved your funds into.... IMH!!!
Then you have the audacity to RECOMMEND another stock!!!!....... <<<PLB...This stock is on sale at 20c per 1$. Warren Buffet loves stocks like this. Very good one for IRA account. It should double in one year. Cheap, risky, but has very good potentials. It's up almost 6%.>>>
Just occasionally my patience runs out with some posters. You're a danger to the wealth of all who stumble across your lunacy.
I am sorry you was not lucky with me Seeyouat20. :)
I dumped IMH because of luck in performance. The stock could get up on rally if FED freeze the short term rate, but it did not happen. It means that divi's could be less again and stock would not move much. Stock also all over in law suits and investigation would slow down business and demand for this stock. My guess the stock would be between $7-$10 this year with 10-20cc in divi's. I believed in IMH and lost my money as anyone else on this board. I sold it and move my investment to FICC and SAX. NEW also would be not a bad choice, but first 2 much safer.
FRO did get down as I predicted and I made some money on my puts, but now it should run up to $42 on divi's coming soon. The same is true for NAT.
I bought 2,000 shares of PLB at $3.50 and it continue to grow 5-6%% a day. This stock is oversold big time and is selling at 20c for $1. The company was at $30 just last April. I am not greedy and will sell it at $5 with 30% in profit. :)
Best of luck to you. Sorry I can't see you at 20. :)