more beaches per square mile than any other state
babes in bikinis
warm most of the year, no shoveling snow
no state tax, tourist pay the taxes
roaches that make rats look small
miles and miles of old people complaining about everything
water that is lower quality than other states (desalianation would solve that)
If you're rich enough to have beachfront property, you'll have random tourists wandering through your yard/property constantly
All in all, Florida can be paradise or a bane...just depends on your priorities. While I would love to live ON a beach front (can't afford it), I would hate not having a real fall or spring (or winter for that matter). I can do without those scary roaches too...the ones we have here in Atlanta are scary enough.
I heard a rumor that they're might be a rumor. Say it ain't so?
BUY, BUY, BUY
No, wait, SELL, SELL, SELL.
on second though, HOLD, HOLD, SHORT!!!
Rumored rumors are being rumored and I am running around in circles.
Oh, wait, never mind, I forgot, rumors are yarns and fabrications 99% of the time, nothing to see here.
That's a good sign. The "make my money quick" pump-n-dump or dump on and dump or volatility crowd are fleeing like cockroaches. Now normal investors can get back on with more mild move upward.
You sure they have to report EVERY purchase to the SEC? The SEC would be so back-loaded they'd be stuck in 1993 still if every single mildly large purchase of every stock had to be registered with the SEC. I think there must be some kind of reporting for huge purchases or sells, but for a stock this size or for multiple purchases over years? Seems unlikely.
I cannot lie, it was me. Like many Yahoo! posters, I am filthy rich and buying millions of dollars of stock each day. Why just the other day I sold 10,000 shares of Apple.
FYI, I was mocking all the drive-by "I just got 50k shares at $90" fabricators that probably have all of $15k invested in a half dozen stocks. Sad.
Well, back to my 20,000 sqare foot mansion and the heated pool (right next to the non-heated pool and the lagoon).
Adbrittain, I know what you're saying, but for most investors here the highs of 10 years ago mean nothing. Most are in a prices between $2 and $10 a share, not $300 a share. If you got burned I feel for you. I got burned a bit on DRYS (same as IMH, huge price 10 years ago, but down ever since 2007 or so), but you could still make a killing on IMH, just as I could on DRYS. It's all a matter of the present, not what happened 10 years ago.
You got burnt on IMH, right? I am up huge on IMH due to buying after the collapse. I usually look for stocks that no one likes (contrarian), which some times bites me or pays off. For those that got burnt by IMH, move along and let go of the anger or dive back in at a low price point (missed your chance I fear) and make lots of money back.
FYI, IMH is looking like a solid company (I have been in for five years or so, so this isn't me drinking last months kool-aid), while DRYS looks like the CEO's play toy. It can still make me money, but I don't fully trust it. I trust IMH at this point.
Sell volume is decreasing each day from Tuesday to Thursday, so we should see a slow tick upwards starting Friday or Monday once the skittish sellers are gone.
Any rise, even if still in very low rate territory, is going to hurt the stock price a bit. It appears the main catalyst of price runup has passed and now we'll see ups, downs and some kind of window, looking like low or mid-20s until another quarter starts building real faith. Any time a stock as been this disappointing for this long, it takes more than one breakout quarter to really get and keep serious investors.
It will be fine in the long run, but it basically doubled in two weeks...was bound to pull back quite a bit. I wish I had heeded my own advice and sold at $28. I'm right, I don't believe myself and I ignore my own advice. Must be a left brain, right brain thing.
I am seriously considering adding 250 shares or so if down again tomorrow.
kngpn_2000, do you always wait for a down day and troll boards to state how smart it was to sell? Any clown can do that. Every single stock that shoots up dramatically like this one has (with good reason too) has a few days like this. It will probably be made up by Friday I am guessing as institutional investors keep buying this in bulk.
I am holding, but only because I am no knee-jerk investor. That said, would have been nice to sell on Monday and then dive back in today...could have used same money to add another 20% in shares....oh well. If it's down tomorrow, I will add to my position, if not, I will hold and take the gradual run up over the next 6 months or so.
and forward looking profit and increased revenue with increased presence by the internet lending arm (11 states, adding 30 states this year)...no guarantees, but profits look sustainable for quite a while barring a complete disaster with interest rates in the short term.
YEah, and IMH was paper cash when it hit 18 two years ago and I didn't sell (or have a stop loss order...they always seem to screw me when they shake out weak holders). That is why I am so antsy as when to sell THIS time, but I am waiting as I do think, volatile and all, that this will creep upward, with many fits of down days in between (like today).
This all sounds good, but call my a cynic, I have seen this movie before and it usually has a bad ending. Hopefully this one does turn out like all of you hope/assume for all of our long wallets.
I am still holding, wishing I had doubled my shares down about 5 last summer. That's what happens when other $5 stocks you own go bankrupt after doubling-down...you lose your nerve on slightly less risky stock like IMH. Oh well, at least I have my 2500 shares. This stock is now about 40% of my portfolio...yikes.
Needs to be just before that becomes known or the rumor gets hot...if you sell at rate hike, it will already be down 25%+ in the prior week/days.
one only needs to look at the 10 year chart to see what happens when you think there is no where to go but up...you don't just get burned, you get disintegrated entirely. I ALMOST sold today at 3:58 pm. I hate holding stocks with this kind of run up over a weekend...but I too think it should manage to creep up another 5 or 10 dollars and THEN I will sell, wait, and get back in $10 lower, and maybe shuffle that a few times over the next 6 months.
I am talking about the fact at some point it will be over-valued and not selling then would be BAD. The trick is knowing when that is. This big rise has already gotten this stock into a reasonable valuation area, albeit a bit on the low side. I do think it could pop up to 30 or 35 or 40, it very well will dip below 20 in the next 6 months too. It will only take a small rate hike to send all mortgage stocks tanking.
well, at SOME point it will overshoot its potential at this rate and you'd be dumb not to sell and buy back weeks or months later at half the price. As solid as this looks, there is a soft ceiling for this stock, barring nothing but good news (and that NEVER happens to ANY stock over a long enough horizon).
However, as volatile as this is, shorts and longs can make a chunk of change EACH day. I am holding steady for now, there is much more upside given the guidance and news available.
well, that and what person with that much wealth would waste a second of time posting to a Yahoo! message board? Seriously. I haven't seen any well know rich investors on here, and you'd have to be rich to be shorting that much of a micro-stock like IMH.