NYSE:IVR   INVESCO MORTGAGE CAPITAL INC
IVR has been heavily oversold, down 80%+ from its all time high.
This is an inverted chart, looks like a head and shoulders formation.. the sun will hopefully burn all shorters :)
I bought calls, Good Luck!
Comment:
closed puts (break even price), but bought plenty of shares.. looks like it broke out of this decline.. expecting it to hit $4 at minimum.. lets see what happens!
Comment:
looking great, wish i dumped more cash into this.. up 20% on strictly shares
Comment:
Glad I held onto a couple of shares! up 50%+ since entry!
Congratulations to everyone who held!
eyeing a break of 5.06... below 3.84 I'm bearish
Trade closed: target reached:
closed at $7
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