Jeez, Stock777, on this thread people do have some real money at stake here, and ET, particularly this thread may be getting national attention. That said, I'm guessing that pic has to cost the Dems some votes. Perhaps this is the real reason Willy was too busy elsewhere to get bin laden.
First of all, I started this thread and count up how many times I have issued a "don't buy" or "highly speculative" warning. The story I got on the origination was, by word of mouth so take it with a grain of salt, the mining company's shares were bought by a new group, the car lot investors, to save time and fees. IOW, instant corporation with shares available. I'll see what I can find out tomorrow.
the mkt cap the stock has reached so far justfy what they already achieved, namin' the paaco aquisition and the late reverse merger. infact i am ready to guess it is cheap at these prices for what company's aimin' to buy. but yeah, we are not that dumb to think there may not be somethin' to it, but this action is not typical of otcbb manipulation, there's either more to it or this is a new scheme that is experimented just on mncs. only time will tell.
Thanks for this reply on that Sun article; stole my best lines, but that's quite alright: http://gog2g.com/2006/10/07/follow-up-to-manchester-inc--perfect-stock-or-perfect-crock.aspx#Comment "With great interest I read your article in the Sun about Manchester, Inc. I am a shareholder in Manchester and also a member of the web based investment discussion group Elite Trader. I am of the understanding that the car lot investment group, now located in Dallas, Texas, bought the shell company of Manchester, the mining group, for the purpose of saving time and money in starting a corporate structure from scratch. I suppose this conjecture, but it would explain the possibly strange things reported in your article about the start up of the mining company. By the way, Minichiello resigned from the company in February 2006, according to Manchester's SEC filing. Also, Richard Gaines, the acting CEO seems to have good pedigree, having graduated from Harvard law School and specializing in merger and acquisitions legalities. I'm sure you're aware that Manchester filed with the SEC on October 6, 2006 that they had consummated the purchase of a car business with six lots located in Chattanooga, TN; Nice Cars, Inc. & Nice Cars Capital Acceptance Corp., for approximately $72.5 million in stock and cash. This would seem to be at odds with Mr. Imielinski's claim that there is no reason for the stock rise."
Check this blog out again. The Quant guy dropped the incorrect "malpractice attorney" description. He must be reading ET.
This stock has def. caught an updraft and may go up $1+ tommorow to $9.5 The problem is this stock still has the potential to reverse desipte the positive news. We will see what happens. MNCS vould jsut flatten out again and resume its normal trading actitivty. Or it will drop quickly I suspect MNCS may not reverse because the trading range is very much controlled. Even when it goes up alot in a single day there isn't enough sellign presure to knock the price down more than a few cents intraday. Its as if every sell order regardless of size is negated. Some guy could unload 76K of MNCS in a 120 second interval and the bid and ask may drop only one cent. Normally such a large sell order would cause a 5-10 cent drop in price for a stock with similar volume and price. The buy orders drive the stock higher and the sells do quat. Amazing MNCS is Manchester
That's the part that scares me the most. And the main reason why i bailed out last thurs. Too many people will know about this stock. The authorities will be alerted. DAMN IT! Curse those who create a ruckus over this stock. Esp. those bloggers. Can they just keep their mouth shut and let us enjoy the constant 0.9% gain everyday?