Sierracities doubled its average volume today getting as high as 14. It looks like some institional money might be coming in.
WHAT IS THE WORD ON THESE GUYS? IS THIS A GOOD OPPURTUNITY?, A COMPANY CANNOT GENERATE THIS MANY LOANS AND JUST FALL OF THE PLANET. ANY IDEA WHY THIS HAPPENED??
cleardaddy it probably has to do with:1. the bashing of all b to b.com companies2. they turned down alot of below average risk loans last quarter.3. They have fallen below the radar for institutional investors.4. they're thinking of splitting the company in two. The online rapid approval technology, and the financial aspect. They may sell their technology to other companies.We may see activity after this quarter's conference call.
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