I have tons of MNCS bought in the low 5's and when the nasdaq keeps soaring and your stock is only up a few cents it sucks but also look at how it doesn't go down. But I also like knowing that it keeps going up a few cents a day and that actually adds up to quite a bit of money. I don't know about you but I like risk free opportunity. JMHO The stock is quite stable as well. 20-200K shares traded a day. Trading isn't conentrated-that means it is harder to reverse the stock. Jsut small guys bidding it up. I also HIGHLY recommend GOOGLE whihc I also own a bunch of as well.
It actually looks like someone keeps taking the bid out so it doesn't go up too fast. Weird. I still say it's risky. My net cost is 4.13. They plan to buy a bunch of buy-here-pay-here dealerships, but with what capital? A new stock issue? The float now is 20 mil with 33 mil outstanding. On the positive side, it would seem to use $300 million of available auto loan financing they plan on selling a hell of a lot of cars.
The price remains in very good control. Often times with stocks like these there is sudden parabolic buying at the end of the runup with huge volume, but that hasn't happened.
Uh-Oh... Someone got in a trade at 16:03 today, 30K shares crossed the block for 5.37, .14 off todays close of 5.51. Probably no big deal, but be careful out there.
What does that mean? A trade for 30k shares happened at a price of 5.37? Was it a buy or a sell? How can a trade happen at that price if the close was 5.51?
Oh, don't thank me, I found it by mis-typing a symbol I was researching and was bewildered by the chart. Of course, now there is a little news, but it still looks highly speculative to me.