Seriously... what are the chances. I am going to try again in a couple months for the 50 dollar buy out. Well the good news for me is that I haven't made any financial changes related to this stock for months before or after either of these comments. So if the feds come looking I will have that going for me.
I have held this stock for a while, some shares at 2.62. I reinvested dividends for a while then when it got really bad I took the cash. I am way up on this position and sold half today. I will let the rest ride it up.
Really? You still holding those? I sold mine the first time we crossed 20 and then rebought them when we dropped to 14. I sold half that block a month ago at 22. This is a fun stock. My largest buy was when it took that drop when the last reverse was announced. It was a good deal... obviously.
I was worried I wouldn't get more below 12. I win. FYI violated my basis since the bulk of my position is at 4 dollars. LOL I know right. :D
Look. People are always long and short a stock, when news comes like this the shorts have to get out quick while they can still estimate what the damage will be. Of course there are some people that HAVE to be in the stock so they can say they called and those were the two types of buyers in pre-market oh and a couple of dumb computers.
Looks like you have been on the boards long enough to have 2 ID's. What a pro... welcome to the ignore list. Cim Long - but not reinvesting.
I wish I could take credit. I actually prefer my board comments are accompanied by nothing in the market. If you expand the messages farther back I have commented along with others about how little happens on this board. I am glad to see they are doing something I am trying to find more info on that announcement. I will post in a couple months about a 50 buyout just to see.
While it would be interesting if someone would occasionally discuss the future of the bank, like what they are going to do with the money they raised... new branches, updating branches, buy someone, expand in some direction geographically. I am always relieved that this board will never have anything stupid written on it. There is no Obamas fault or Bushes fault or buy this penny stock its gonna explode. kinda nice.
This stock doesn't pay either of those percentages either since a large portion is returned capitol and not a true dividend. Plus you forgot the magic question how many stocks do you own whose management can't figure out how to file financials correctly? The answer to that will be ZERO. I am long but I stopped reinvesting the div 8 months ago, I added elsewhere with the money specifically AYR which has done nicely.
I am been just staring at this... haven't bought more... haven't sold. Just watching. For me to buy more it has to go to 10 and it probably won't. For me to sell it has to pass 20 and that is a couple of batches of good news from now.
Then you must be from the set that buys high and sells low. Bought at 4 and sold half at 12 (a little early) getting ready to buy back in and wait for the next jump. Stocks aren't hard don't over think it.
And by garbage you mean one that TRIPLED in the last 6 months?
July 4.00 Dec 14.00 now it has settle at a 10 range... I hate it when I make money.
Wait maybe you were short... that would definitely have sucked.
My limit is set to sell 1/3 of my position and its set higher than here. If it hit 14 it will not have passed my limit by "much".
I don't have anything in particular to buy. I would just be scaling out of this.
The stock could very easily touch 12 with 3rd quarter earnings, which are going to be bad. Mortgages are slowing down, tapering, ect.
This stock is definitely a buy below 14, but you will have to wait until the market starts thinking about next years housing sales.
For whatever reason no one seems interested in explaining what the difficulty is. Which means... there isn't any and its a choice.