we need to break $8.22 ish decisively. previous low that just got trounced to $7.12 and archiroo posted that there is relatively little resistance from there to $9.50 ish range. i kinda agree but i'm no technical wizard so time will tell.
as for the longer term. discount the $1.03 (mgmt reiterated this price in Q2 call or the MBS sale report a week or 2 prior) 2013 earnings by $.13 and this is a stock that pays approx 4% yield and trading @ 9x forward earnings. Dirt cheap and paid to wait. I think cheap but the majority here call it dirt. the future will decide but people insist the past tells the story and that isnt how the market works.