Bought 1000 sh IMB @ 4.16

Posted by Sunday Investor

April 16, 2008

This is a bold move. Buying 1000 shares of beaten down (IMB: 0.00 N/A) IndyMac bank? Short term it screams for buy. Next quarter release around May 10, 2008 should be better, plus I think a nice gesture from CEO Michael Perry deciding to cancel Option to Buy 1 Million Shares should give this stock a lift.

IMB