East Coast Diversified Corp (fka ECDC)

[elleryqueen]

If Ameritrade is correct, the last trade for the day at ECDC was 1.4M shares. That is almost 1/2 of the total volume for the day. That seems to be rather large to me. It appears that either someone wants the stock to go lower or in the alternative, someone just wants out of ECDC--either because they found a better investment or because they need the money to avoid foreclosure. In either case, today's action suggest that if whoever is dumping--when they have finished the stock will go back up quickly and by a fairly large percentage.