This showed up on my alerts list. I have read the message board and it sounds like most people are pretty down on both the company and the business they are in, so why would the stock show volume and price breakouts well beyond the Russell 2000 buoyancy??
I can't see this firm doing very well in this market either. I'm curious about the little spurt too. Then again, even 100,000 shares is quite small compared to the 25 million shares outstanding. It's interesting watching these little stock since they can be so volatile. Sometimes I wonder if speculators are just trying to make some money on day trades.
One has to have some compassion for those who purchased this stock at somewhere between $10 and $30 about a decade ago.
Not sure why the volume and the upswing in the price although I am pleased to see it.
Seemed to start shortly after the announcement re the Motor City Casino, so perhaps this is a major part of their business.
They are in turnaround mode, the CEO has a good track record of selling businesses and they are getting focused. There is some good potential here if the economy picks up a bit. Even in a bad economy, companies look to the outsource model, so they shouldn't suffer too much if the economy takes its timing turning around.
Tech stocks have had an upswing in the past few days. That's probably what we're seeing. It's hard to say about the turnaround theory although this does not seem too likely. Anly's been losing money for years and staffing, a major portion of Anly's business, does get hit hard by recessions.
When the 1st quarter results are available in a few days, there may be some cause for celebration. I wouldn't hold my breath though.