M N C S

[scriabinop23]

i've never seen such a scary -perfect- looking ascent.

And oddly enough, I don't know if I'd have the guts to buy into it... I like volatility I can see.

A stock like this will just one night gap down and everyone will be SOL.


... All for no apparent reason.

 

[ur2tuff4me]

cut half my position to sleep easier

 

[max401]

Quote from scriabinop23:

i've never seen such a scary -perfect- looking ascent.

And oddly enough, I don't know if I'd have the guts to buy into it... I like volatility I can see.

A stock like this will just one night gap down and everyone will be SOL.


... All for no apparent reason.

Agreed. Like I keep saying, it's highly speculative... but perhaps worth a few hundred or few thousand shares, even for the junior player that would go to AC or Vegas with the same amount and come back with zip, plus expenses.

 

[max401]

Quote from ur2tuff4me:

cut half my position to sleep easier

Well, I don't know what the hell they're doing with the Harvard lawyer that specializes in M & A if the whole thing is a ruse.

This guy's bio is what allows me to sleep well at night:

"Mr. Gaines has been engaged in the private practice of law under the name of Richard D. Gaines & Associates, P.C. since 1986. From 1973 to 1985, he was an Associate and Partner (1975 to 1985) in the New York office of Fenwick & West. He received his B.A. from the University of Michigan in 1966 and his J.D. from Harvard Law School in 1969.

He has experience and expertise in contract litigation of all types, stock holder appraisal action, securities litigation under Rule 10b 5; employee terminations, dealer terminations, discrimination litigation of various types, unfair competition, sex and race discrimination cases and arbitration proceedings involving some of the above types of claims.

In addition, he has experience and expertise in mergers and acquisitions of public and private companies, private placements of debt and equity, general and limited partnership agreements, leveraged buyouts, divestitures of facilities and divisions, financings, trademark licensing and the licensing of other intellectual property; advising with respect to, and structuring, distributor networks for manufacturing and wholesale companies; advising on all phases of corporate activities, including employment agreements, personnel related problems, pension and profit sharing plans."

 

[Bitstream]

dont think there's much to worry eitherways, as u said there are incentives for the management to perform....it's just a guess but i see it at $15.

Quote from max401:

Depends on when and if it goes on another echange. Have you thought through what might happen? The Board is not just going to throw it on some exchange in its present form with zip for profit and zip for ability to make a profit. Using your example that it does go on some better recognized exchange, lets say that at the time they have done some of what they have planned and are showing a profit along with normal company PR spin. Of course, the past stock price history will show something like this:

One would think that it will not just wither on the vine. And the company execs are getting options that are at recent stock prices, so they definitely have an incentive to make their performance count.

 

[stock_trad3r]

MNCS will keep going higher due to the mechanics of the stock. It trades in a very tight range desipite there are over 200K shares traded in a day. Most stocks in the $6 range with around 200K volume have a much greater intraday rading range.

The mechanics of the stock are simply amazing..never seen anything like it. Perhaps shorts are covering or maybe someone is aquiring it slowly by buying up the shares.

The management needs to get a move on though. Lets open up some damn 'pay and go' car dealerships already and getting some sales. Whats the hold up?

Long since 5

also, check out GOOG and CME

PEAZ_OUT

 

[max401]

Quote from stock_trad3r:

The management needs to get a move on though. Lets open up some damn 'pay and go' car dealerships already and getting some sales. Whats the hold up?

From today's PR blurb:

"The Company anticipates that its initial acquisition of an existing "Buy Here/Pay Here" auto dealership will close shortly and expects to pursue the acquisition of several additional dealerships interested in becoming part of Manchester. Manchester expects to grow rapidly as we move to acquire and operate "Buy-Here Pay-Here" automobile dealership businesses. FRB will assist in valuation and peer multiple analysis, disclosure duties as well as institutional and retail targeting."

 

[Bitstream]

Quote from max401:

From today's PR blurb:

"The Company anticipates that its initial acquisition of an existing "Buy Here/Pay Here" auto dealership will close shortly and expects to pursue the acquisition of several additional dealerships interested in becoming part of Manchester. Manchester expects to grow rapidly as we move to acquire and operate "Buy-Here Pay-Here" automobile dealership businesses. FRB will assist in valuation and peer multiple analysis, disclosure duties as well as institutional and retail targeting."

good...i think the latest deal is already discounted in the stock price...but is the stock already pricin' in any other possible deals comin' trough?
am closin' monitorin' the stock [and my pos] and i noticed that there are quite a few transactions that take place at the close that indicate to me some1 is accumulatin' heavely. 100/150lots always goion' trough near the close...that usually is also the low of the day.

 

[ur2tuff4me]

Bitstream, why are you closing your position? Sorry if the answer is obvious.

Also, how are they controling the trading so tightly? If someone was accumulating huge, wouldn't the stock at least have a small pop?

 

[Bitstream]

Quote from ur2tuff4me:

Bitstream, why are you closing your position? Sorry if the answer is obvious.

Also, how are they controling the trading so tightly? If someone was accumulating huge, wouldn't the stock at least have a small pop?

dunno what got u the idea i wanna close my position but that's not the case, i think it got much more room to run and am in small so that if i lose it all i dont really care much. the stock keeps poppin' after nite bastids gap it in the mornin'...i think some1 is controllin' this sob, buyin' the open and fadin' the lunch break..only to re-fade buy orders near the close and buy the close itself...intent could be to not let it go outta range and mantain this predictable pace, so not to invite short sellers...this is just a guess tho.