Discussion in 'Stocks' started by hitman4gk, Feb 12, 2007.
should see at least 34 maybe higher..
Nice call Hitman you got 73 cents already!
The news though... sounds risky:
Asta Funding Signs Definitive Agreement to Purchase $6.9 Billion Portfolio
- PR Newswire
ENGLEWOOD CLIFFS, N.J., Feb 09, 2007 /PRNewswire-FirstCall via COMTEX/ -- Asta Funding, Inc., , a leading consumer receivable asset management and liquidation company, today announced that it has signed a definitive agreement to purchase a sizeable portfolio of approximately $6.9 billion in face value for a purchase price of $300 million. The portfolio is made up of predominantly credit card accounts and includes accounts in collection litigation and accounts as to which the sellers have been awarded judgments and other traditional charge-offs.
My mother always told me whenever someone wants to give you $6.9 billion in receivables for $300 million...
maybe ask a few questions....
just sold at 33.84....
nice trade....LCAV is a similar setup.
does'nt matter what the aquisistion means..i looked at the intraday and the daily..it told me i can see just under 34...as a daytrader,fundamentals mean nothing..
as a daytrader,fundamentals mean nothing..
I'll remember that next time a product recall hits mid day on one of my plays...
if you're watching it or have a stop,why worry..? that can happen to any stock though..
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