Corinthian Colleges(Nasdaq:COCO) Back to Life

With year long slide in price, most people have abandoned shares of Corinthian Colleges (Nasdaq:COCO) with uncertainty grows over government's probe on the entire for-profit college sector.  However the Department of Education's release of a softened version of the "gainful employment" rule recently clears away the uncertainty that has been hammering the stock price.  Shares of Corinthian Colleges surged 30% following the announcement and is now trading at $5 per share, still more than 30% above the 52 weeks low.  We should definitely see more buyers coming back for this hard beaten stock.