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Consumer Portfolio Services, Inc. Message Board

  • eltoro224 eltoro224 Feb 27, 2006 3:39 PM Flag

    dumping

    stock was up 40 cents early and now the volume dumping.? some insiders no less

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    • Insiders?

      No. A few thousand shares were put on sale at the market. With the lack of liquidity in this stock, that is suicide. Insiders are forbidden to trade in their stock just prior to an earnings release.

      • 1 Reply to bengrahamvalueinvestor
      • I agree with Bengraham. With the low volume on this stock, a market order will be taken advantage of. Somebody got a hell of a deal picking up those shares.

        There may not be trades by insiders, but there must be some insider info driving the recent action. 46k shares traded (three times the average volume) one day before the earnings anouncement? Some acquaintances or neighbors must have heard some good news. Not technically insiders making the trades, but outsiders with a tidbit or two of inside information (a Martha Trade)?

        Either way, it seems to point to a good earnings announcement on Tuesday. I for one will be dissapointed if earnings are lack-luster.

        Good luck, CPSS longs. Good little company making money and now well clear of a troubled past.

        Brad

 
CPSS
6.76+0.0700(+1.05%)Apr 24 4:00 PMEDT