There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on July 28, Manhattan Bridge Capital, Inc.'s CEO, Assaf Ran, invested $31,920.00 into 8,000 shares of LOAN, for a cost per share of $3.99. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Tuesday, bargain hunters could buy shares of Manhattan Bridge Capital, Inc. (Symbol: LOAN) and achieve a cost basis even cheaper than Ran, with shares changing hands as low as $3.97 per share.
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