****SPORTYNORTY FEATURED PICK OF THE WEEK----ECAU****** WEEK OF AUGUST 11, 2014
ECAU has a litany of problems, facing default on their notes and little options to refinance or restructure their corporate debt. No matter.
The stock has a 52 week high of .58 and hit a 52 week low yesterday of .0016.
Those that shorted the equity need to consummate the transaction by purchasing the stock to cover their position, which begets other shorts doing the same thing and before you know it, you have a runner, runner on your hands. If the company declares Bankruptcy, the shorts will cover to lock in their gains.
BUT
If somehow, someway ECAU can restructure or get bridge financing for their short term financial woes, then you are looking at .07-.10 within 2 trading sessions. That would be spurred by the now panicked shorts and those traders seeking a quick flip.
Either way, purchasing ECAU at these prices, YOU WIN!!!!!
Happy trading,
SPORTYNORTY
