I have traded this company a few times this year. Conference call the other day was impressive. To me, it all but screamed that Q2 will be strong. The mortgage industry is volatile, but what IMH did with Cash Call was excellent... See you at $30 post earnings....
Hope you are right. Just can't understand the downward price so close to what should be an excellent report. I ain't rich so I took some off the table
I have been scratching my head on this as well. Not seeing a run into earnings with lighter volume and there is a pretty high short interest. I feel Q2 will be strong. I did lessen exposure here. Wishing the best for all long.
If there is a blowout,,, there will be a run for sure. My bet is it will be next week.
Correct-- the trouble with Cash Call came from their pay day loan business. What IMH did was very smart. They bought the good assets ( the mortgage division ) at a great price and left the personal loan side to deal with it's issues.
There may be some pullback today, but I think it will be relatively minor. Good buying opportunity. I think we will be back around $16 by end of month, provided we get positive Clonidine data. Stoks can be painful at times, but still the best way to build wealth in America.
When will we know? Before the end of March? Call was good in my opinion. My take is we just need to wait awhile longer. Probably start a surge later this month, but the real surge in PPS is probably about 12 months out IMHO.
You guys are great. Your in depth analysis is some of the very best I have ever seen. Let's see what next week brings. I believe the future is very bright for all longs.