not being sceptical, page-10

Swannie

Just keep the apologies/mea culpa/"I'm not too bright" going - it's doing absolutely wonders for the price. Up 6%-can that last?

And it was only a year ago that certain posters here were ruminating about whether it was the Talbot Holdings or Wellington who were rorting/manipulating/botting/forcing the price down (take your pick.)

Let's all agree that when there are more buyers than sellers they will push the price up, and vice versa. I don't know why the frenzy first thing this morning, but KAR's RSI was at the lowest level for six months, and we could expect a bit of a bounce.

Of more interest to the fundies (fundamentalists, not the insto's) I heard second hand that KAR's senior management presented with UBS three days' ago. Again, second hand, KAR is believed to value their prospects at a NPV of $10 billion, or $45 a share on current shares issued. (Note, I can't verify this - I wasn't there - but it is from a reputable source who also has a bit of skin in the game.)

As I keep saying - be patient, wait for at least 12 months for a lot of good things to happen.