Here is his exact statement....
" I have added to my position lately. It's always hard to buy a stock that looks so weak but consider that
1) The shares have had a huge run so profit taking is inevitable
2) Pullbacks over the past year have been, in retrospect, good entry points
3) The company's last quarter was excellent and other mortgage firms have already announced good earnings for the latest quarter (CXS announces on the 14th).
Analyst targets are above $3 and have been moving up. Try to pick up some shares. "