Volume Spike Investor

American Capital Ltd. (NASDAQ: ACAS) is looking pretty sorry this morning… The financier for small and mid-size businesses posted a $547 million second-quarter loss and is outside of its covenants.  The loss came to -$2.52 EPS and net operating income fell 86% to $20 million or $0.09 EPS. As of 8:20 AM EST we have shares down 22% at $2.81 on 156,000 shares.  While average volume is 5.8 million shares, we’d expect that threshold on volume to be crossed very early this morning.  The 52-week range is $0.58 to $28.49.   -JON OGG