Look their growth has been in theor mortgage biz and we know based on the industry that its very robust. As far as the price action of the stock its simple.. Momo blew up when the stock broke down, coupled with a decent sized seller and this is where we are... Bottom line instead of over analyzing this I am simply adding more.. Once it starts breakign to the upside I will add my final round of purchases and carry it into earnings.
Good luck but for goodness sake take a deep breath and relax
I tend to agree with your theory. The stock was 2 and change in August and was over 15 in early February. Likely went up too much too fast with the benefit of the momo crowd. Not sure it will ever reach 15 anytime soon but if 7 can hold, i would think we should get a pre-earnings rally.