This is the 7th time that this stock has crossed $6 since Nov 2011. It's failed to hold every time. That said, if history repeats, we'll lose $6 in the next couple of weeks and go back to the $5's next week. Another plausible scenario is that the stock holds steady until the earnings call in early-to-mid March and then Jagid and the boys will report lackluster Q4 revenues, won't provide any Q1 or 2013 guidance, and when asked about AVIS operating results will state that results are "fairly promising and we continue to work with them".
I'm just tired of the ineptitude. Their DoD stuff appears going no where with the Sequester and budget cuts. AvRamp is probably dead now that American and US Air are merging. VMS is OK but nothing great. Their biggest news is that Walgreens is still a customer. AI is locked in a no win price war with Skybitz.
So absent any Avis news, their appears to be no catalyst to propel the stock. absent a catalyst and no guidance, the stock can only move sideways or down.
I would rather buy back in at $10 on the way to $20 after Avis is announced than go no where for who knows how long.