Some of the smaller buys (500, 1000 are tiny buys for a $5 stock) sprinkled among the couple larger buys just looked a little funny to me to be normal open market buying. But any way you cut it it is welcome good news that seems to send a clear message. I like it.
No. Short sellers jumping on the Subprime mortgage mess. They will be the reason (when they cover later this week/next) for a jump back closer to 6.
Levine is likely done selling for this quarter. Those shares will be sold via a negotiated sale sooner rather than later.
There is little or no relation of a subprime lender in auto to mortgage. The subprime auto business does not have paper that is currently losing its value. The paper in subprime, alt-A mortgages is a house of cards. Subprime is a hows of cars (ha ha)
Best buying opportunity in years in CPSS. Two insiders have purchased in the last week so far.