Consumer Automotive Finance Inc (CAFI)

[Smith111]

All-in-all today was a success for the longs. The MM tried to take the bid down early today to start a big drop, but there were plenty of buyers waiting to pick up the pieces. We had less volume today than the previous few days, so that is very bullish. I wouldn't be surprised if we have another day or two of mild losses on low volume, it's normal after a 50%+ advance. If we get news on or before Friday, and the news is good, we should expect to see a very nice price appreciation. We need to make sure that we keep support above $1.73, if not, I bet the MM will try to swing down and take out stop-losses and the scared holders. There is nothing but positive developments on the horizon, so we just have to remain patient. IMHO