I decided to ignore my own advice. Thank God I did too! They went straight in the crapper today :)
You could have bought in the $17s and you would have a small profit today. But the volume is very low on this one. If interest rates rise this party could end fast.
You would have made money on this!
I bought some at $19.66. I waited until I heard what Greenspan had to say. No immediate effect on interest rates so Fremont's Refi business should be viable for at least six months. This at an 8 P/E for god's sake!
It's up by 19% now. It's great being a self-proclaimed genius :)
I held through earnings and am now up 34%!
Might be time to take profits.
I am tempted. I'm probably gonna stick in for a week or so and see if I can compound my good fortune.
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