Quote from ginux:
That's the part that scares me the most. And the main reason why i bailed out last thurs.
Too many people will know about this stock. The authorities will be alerted.
DAMN IT! Curse those who create a ruckus over this stock. Esp. those bloggers.
Can they just keep their mouth shut and let us enjoy the constant 0.9% gain everyday?
Million share volume and you think no one knows about it? I'm surprised it hasn't hit Cramer's Mad Money yet.
Do you think there is some kind of law against buying and selling stock in any amount you want? Anyone can go to a low volume issue and build up a kitty of stock and then pull the trigger all at once just to see what happens. Or vice versa.
Nothing illegal there, nor is whatever price support is going on. In fact, the real question is how come this thing hasn't had the first wild swing up yet? Maybe it's not price support at all, maybe it's price suppression.
What's illegal is a boiler room full of people touting a stock to no end when that stock has zippy, except for the hype.
So, two things about Manchester:
1. I have yet to see any hard line"going to the moon guaranteed" hype;
2. Look at the facts of what has happened so far:
A. They own six car lots and all the past receivables. Used car lots sell cars everyday, this means Manchester has cars "over the curb," and "burning gas," as they say... i.e
they have sales already;
B. They have a large credit line;
C. They have been filing everything timely and are fully SEC compliant as if it was on the Naz;
D. They have some decent and knowledgeable personnel;
E. So far, they have not failed to do what they said they would do per their business plan.
F. Todays news shows that they are serious about investment community relations with their choice of Shareholder.com which is wholly owned by NASDAQ.
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