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.
Given the odd number of shares being purchased and the fact that they are lumped together in the same few days it looks to me like that these are stock options that are vesting (quarterly or annually). If this is the case, then imho it is not quite as good as out-right open market purchases. But the fact that they did not sell these shares on their vesting date is a very good reassuring sign, imho. I was wondering why there was not more insider buying at this price. Or maybe the Q2 insider restriction window just ended. Or maybe both. Just guessing here.
Anyone have a guess why the stock popped today between noon and 1?
??? Stock options aren't insider purchases. There have been two insiders buying the stock in the last week on the open market. That is a good sign. Stock options have nothing to do with insider purchases.