You are one of the lucky ones. This stock got a lot of us...and much worse than it's gotten you. Unfortunately, they are in the mortgage business and every company that has anything to do with mortgages, other than them, has had reduced earnings. While they reported good earnings, they were still reporting for December. Most of the companies reporting now are reporting on the first quarter. December is ancient history. Everyone is expecting earnings to be a catalyst, but they could even be a negative catalyst! I got out at $7.80 last time and am very glad to be done riding this ride. I tried to double down, average in, etc., and all I did was keep losing more and more. Definitely a value trap.
I think this is what is called a "value trap." I keep getting burned every time I double down on this sucker. Now I'm stuck down 30% waiting for the SP to match fundamentals. Next catalyst is earning in May (I hope). Short interest in 11% here, which is high imo. I wish I would have just taken my profits at 14.5 and moved on.
This stock trades like most of the bio tech stocks I'm in.
Even though they have no earnings.
With the bio's I just sit and wait and most of the time I make out ok,but the financial stocks seem to be hated by many investors.
Part of the problem here seems to be mgmt always cashing in their options,and with such a small float it really does damage to the pps.
I'd really like to buy more as it is really tempting but when I listen to what you longer term holders say , I hold off.