Credit Acceptance (CACC) Message Board

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Non-Tech : Credit Acceptance (CACC)

CACC 429.72

-6.2%

Nov 4 3:59 PM EST

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To: specsit who wrote (61)	12/16/1997 12:19:00 AM
From: taxikid	Read Replies (1) of 103

how can you talk value investing and penny stocks.. what happened to the co that reached $5... you realize that thos companies are among the highest risk in the market? penny stocks.. cacc can go up rapidly if/when institutions rebuy.. it was hot once, it may get hot again.. hell they put more in reserves last qtr than most stocks under $5 have for a market cap.. what good is it to waste your time with those gambles.. makes little sense and you are bearing a great risk of holding a stock that can become illiquid.. at least if you hold cacc you can write out of the money calls.. lets say the $7.5 january for 1/4 or 3/8 and consider that a dividend against your risk.. and if it gets called away.. well then you are a 50+ % winner. i am not gonna waste anymore time here. there is little news and not much going on, so having 10 posts here will attract unneeded attention. taxi

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