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- Thread starter max401
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Exactly how is it being manipulated? Wouldn't a stock that was accused of being hyped have slightly wider swings than 1, 2, 3 and on a good day, a whopping 4 cents? If anything, it looks like a lid is being kept on it, the exact opposite of what a hypster would want.
BFD. At today's high, it is, so far, up +.18. Eighteen cents? That's a big spike in your book?
Actually, if you would do the DD, they bought:
1. A used car organization with;
2. Six separate dealerships;
3. A finance company and all it's receivables;
4. Plans are already underway to expand that dealer organization to a total of nine dealerships.
Nothing? Do you think that the acquisition of dealerships stops here? Is that why they are paying a Harvard educated attorney who specializes in Mergers & acquisitions.
And what about that guy James A. Worosz they hired? Looks to me like he was one of the top used car finance people. Here's a blurb from the website of his last employer:
"Now there are 124 J.D. Byrider dealerships across the nation, owned by either franchisees or the company, and weâve sold more than 550,000 vehicles since we began."
124 dealerships? 550,000 units? Do you get it yet?
Quote from ElCubano:
max401..there is no question something is funny...what the exact plan of attack is, is baffling to say the least...but nonetheless there is a very very very high probability this is a mega hyper...
but you are 100% correct...it does look like the opposite.. weird..good luck...
If I was Manchester I wouldn't want the price out of control on the upside. This way they can offer lucrative options incentives to their hires.
Plan of attack? Thoughts of the past perhaps, but now they've come through with the ownership of an actual physical and tangible asset.
Make no mistake, the dealership acquisition has only tempered a little my original highly speculative rating on it.
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