No Springboard MoveI am not expecting a Springboard move at all.
A move will happen mid-September to November that will allow people that bought in the 70 cent range to double their money and get out. Other then that there will be nothing that materializes from this stock until they do more debt reduction and the price of nat gas remains above 4.50. It will still be a few years yet before we see over 2 dollars.
And for all those that expect a dividend again, forget it. PMT even has on the first page of their website that they are a growth (capital appreciation) company and no longer an income (dividend paying) producing company.
Haven't heard of any more big insider buying on Sue's part. Maybe she is finally coming to reality.