Greetings from pool-side! Y'all know I gotta find someday to keep abreast of all the action! Don't have my trading tools with me, but there are a couple 2 leave the group with. One's actually Awaken's play: ABPR. looks like a bouncer to me. Great volume today with lots of room to run.
My new 'throw everything at it including the kitchen sink' play (hint: like USFM pre-momo) is ECDC. The charts were looking awful as this one pulled back from $1.80(52 week high). Understandable as financials sucked. It was trading near .08 just a month ago. Selling appears related to anticipation of awful financials, which were just released and confirmed as awful.
So, why do I like it then? For one, the selling is overdone...not looks overdone...is overdone. Charts will confirm. Today appears to be day 1 of buyers coming back in.
Secondly, the float is TINY. 5+ mil. I think AS is something like 52 mil (sorry, don't have my notes with me). No apparent sign of dilution noted, though I still have to verify...either way, float still tiny. The dangers of these low floaters can be seen when the selling begins, but can also be very rewarding when the buying comes in.
Third, recent news looks very (very) promising.
Lastly, company has said Q1 revs already on track to excess all of 2010 revs.
This here my friends is one the markets apparently haven't caught up with yet so that ops can more adequately reflect what appears to be a significant financial change for the company. ECDC is a low-float, fully reporting company undergoing a significant financial rebirth. IMO, this represents a true opportunity for some great gains for those willing to be a bit patient.
Catch everyone soon. Til then, happy trading.
