sooner or later several things will happen, you don't have to look very far back in history to realize that this was at $9 and they were losing money and selling way below book value. At that time their costs on IO were a lot less than now and the price of IO was tremendously less than now. So costs have gone up exponentially. If IO prices continue downward or stay at this depressed level and they will if Obama is reelected then this will bleed red ink, the dividend will be cut and this will go sub 20. NOw there are a lot of IFS in there, the biggest is Obama being reelected, the rest will only be avoided if Our next president turns the economies of the US and subsequently the world in short order then even with red ink the market will look to the future and keep this from going down that far. You may disagree and that is fine but don't ignore this.the risks are too high and if I am right you could buy twice as much as now. Although personally I am 1/2 cash right now and waiting for clarification on election outcome to either go all cash or all in in other stocks that have more potential but this will have its turn again but patience will be rewarded more than early birds.
dont crow too early day is long and now it is red, it amazes me how a small insignificant rally brings out the demonization of good DD by shorts, then you see the continued bear trap snapping shut on their lips
Dude, what is wrong with you??? At least get the terminology straight instead of posting just to see letters appearing on the screen and sound intelligent...
Definition of 'Bear Trap'
A false signal that the rising trend of a stock or index has reversed when it has not. A bear trap prompts traders to place shorts on the stock or index, since they expect the underlying to decline in value. Instead of declining further, the investment stays flat, or slightly recovers.