Alimco Financial Corp. (ALMC)

[kyeh]

I've been following ALSC for several years now and own some shares. As you all know, there was a FINRA ruling that went against ALSC last year relating to their arbitration against JP Morgan. The stock tanked shortly after.

The volume has been pretty dead following that ruling. It certainly does not mean that ALSC doesn't have a strong case about being misled into buying the Ambac Auction Rate Securities. They can still certainly sue again -- and recent rulings against big banks may bolden their positions there.

As for the millions of shares traded pre-market at $0.20. My only thought is -- they were bought double yesterday's close(last close was $0.10) so someone obviously wanted these shares pretty badly and in a large quantity. There's been so little volume on this stock that it's a pretty big shock to me to see how much volume changed hands without any new news.