InvestorsHub Logo
Followers 0
Posts 1167
Boards Moderated 0
Alias Born 01/23/2006

Re: finnthecelt post# 6747

Monday, 08/20/2007 3:24:08 PM

Monday, August 20, 2007 3:24:08 PM

Post# of 11318
Think about this...
There was no news at the end of July/August of last year either. The price got beat down, spreads widened... Then they got tight, stock increased in volume traded then about October/November (typical time for Mortgage Companies to get really busy) this stock quadrupled.

Clearly no one wants to sell at these levels, there are only buyers, but if the bids tighten (with some decent support) this will blow past $.10 in 1-2 days then can run again.

Just my opinion - which, we all know.. means nothing.

But, same lack of news last year, low price, then whammo.