I just got done listening to the webcast (go to IO website) and didn't hear anything really positive nor negative. The one thing stated thatcould be taken negativley by some was that there is no plan to bring back the dividend. However, the CEO stated that IO is looking to increase capital gains through acquisitions...that's good.
It might be...The last time, few weeks ago at Goldman's conference similar thing happened, stock started sinking (not that much, though). Perhaps these people should stay away from the conferences, or at least go there but not talk.
Just an idea - Bernanke's comments today signaled the end of rate cuts (which was expected but not yet confirmed). This should help strengthen the dollar. Given the volume of overseas business - could the drop simply be a reaction to his comments?