Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of payday lender Advance America
So what: This plunge reversed two days of strong climbs, also on heavy volume, but neither the climb nor the fall had any company-specific news to fall back on. In all, Advance America shares are back where they were Tuesday morning amid stony silence.
Now what: You might expect the recent, weak report on jobs to affect Advance America shares, but then you'd also have to assume the same for direct competitor QC Holdings and related consumer-credit hawks Asset Acceptance Capital
Interested in more info on Advance America? Add it to your watchlist.
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