Exactly !! Well done. ".618 Fib retracement" I was just about to post market data quite similar. The recovery recharted bodes really well for tomorrow. The buys will continue through the week and eventually the MM's will break. It was close yesterday. Today- not so much. The candle will definitely burn bright tmrw. I concur that we could have gone flat- take a look at all of the buys in the afternoon - they enabled us back up to .0067. Take a look at all of the mega- reloads the past two days. The strong buying percentage through the RECOVERIES of double bagger runs is always a strong indicators or us.
I did want to clear up an outstanding issue - I see that a previous poster made a misstatement That caused confusion and want to correct. There are 130mil Total O/S - thats it. Thats what determines market cap today. here is the correct extremely low float data!!!! Also- According to Morningstar here is the VERY LOW and attractive float- Around 53mil. I have seen numbers reflecting short outstanding and float from 63mil last week to this 53 mil. Interesting the float is decreasing- this is clearly lower at 53mil. I will cross reference to check for accuracy but if so WOW!!! That is very attractive and clearly why Ludlow has them at an easy .02 now.
Current Valuation
As of October 24, 2013, the Company had approximately 130 million common shares issued and outstanding post-acquisition, thus giving the stock a market cap valuation of roughly $300,000.
Based in Alpharetta GA, through its title loan subsidiary, Title King, LLC, provides short-term high interest loans to consumers through the collateral use of car and truck titles. The Company operates in the alternative financial services industry, providing automobile title loans to consumers who own their vehicle free and clear and need convenient and simple access to funds. Other products offered in this industry include other forms of consumer loans, check cashing, money orders and money transfers. Consumers who use alternative financial services are often referred to as "underserved" or "underbanked" by banks and other traditional financial institutions. With store operations expected to expand throughout the South East, Title King expects to provide short-term loans to a wider reach of consumers. www.titlekingloans.com
The 1 year chart tells the tale. This stock was at all time trading lows and rebounded nicely and is about to increase in value for obvious reasons noted above. It's going to be a very nice weekend. I'm sure a little consolidation will occur but fact remains- this stock is now a runner that recovers. And every time- green if you count today's last two trades at 4pm. Please look at our DD and more to come for sure. As a NECA mutli million shareholder- I'm happy that I've held and accumulated the last few months. Our data paid off and these charts were becoming easier to analyze and predict. Not surprised many of you other smarties are here as well. Happy trading.