Should have been buying shares in the 13s and 14s like the Pickups, to dollar cost average lower.....
If a buy out was in the cards, the company has to announce it immediately, so only real hope on this front is positive discussions are being had. My money is on IMH buying another good size lender that will provide more scale operationally. $18+ by the end of July.
If a stock has a decent daily volume one may make money trading by buying at the low end of a range and selling (or selling short) when it runs up a little. Real question is what has more potential in next several years. Would not want to get trapped selling short in a company that is making money with 7 quarters left until CashCall earn out is $0 per quarter, not the $ millions currently being paid out every quarter.
The incremental cash and profit to IMH will be millions each quarter, and how handy would it be to have a "small" DTA to help? Oh that's right, that is money in the bank too.