HOT mortgage finance stock bottoming

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I believe there was some news yesterday afternoon that caused the spike in volume . Now the bottom has set up. At least keep an eye on it as it may want to re-test the highs.
We got caught off guard here. Group strength and the turning of momentum looked very convincing at the time(of course the daily candle had something to do with it too). We'll continue to watch the 83 area to see if it holds. Not counting on it though!
there was legal news with OCN as well as strong earnings this AM.
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