EAHC - 1 million share bidder through ARCA Friday. Big spike potential Monday.
I don't usually trade stocks below 5.00 but this one came onto my intraday screener friday. EAHC had a 1 million share bidder through ARCA ecn on Friday into the close. The bidder kept raising there bid from .30 then .31, .32,.33, .34, and then .345. This stock was just listed on the OTCBB up from the pinksheets and it did a reverse merger. There is either somebody short a whole crap load of this stock that needs to cover immediately, or else somebody is trying to buy a ton of it for whatever reason. Maybe they are expected a CXLT type run, or this could be the next LEXG of 300%+. I am assuming that this thing will have a big spike this week because it trade 3 million shares friday, and moved 22% and most of the volume came in the last 60 minutes of the trading day. If this person has to cover this is going to cause a massive short squeeze. I think 50%+ is possible. I am not pumping this stock in anyway but I have been trading small and micro caps since 2004 and I never saw somebody blatantly put up a 1 million share bid like this. I am watching this one like a hawk.
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