{"id":3115,"date":"2013-11-06T17:14:43","date_gmt":"2013-11-06T17:14:43","guid":{"rendered":"\/?p=3115"},"modified":"2013-11-06T17:14:46","modified_gmt":"2013-11-06T17:14:46","slug":"a-serious-correction-for-the-stock-of-echo-automotive-inc-otcmktsecau","status":"publish","type":"post","link":"\/articles\/a-serious-correction-for-the-stock-of-echo-automotive-inc-otcmktsecau\/","title":{"rendered":"A Serious Correction for The Stock of Echo Automotive, Inc. (OTCMKTS:ECAU)"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px; border: 1px solid black;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/584ECAU_chart.png\" border=\"0\" alt=\"584ECAU_chart.png\" title=\"584ECAU_chart.png\" width=\"400\" height=\"178\" \/>In the end of the past month the stock of Echo Automotive, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECAU\">ECAU<\/a>) started to go up after an optimistic press release with which the company informed the public that it has initiated its North American pre-sales of the EchoDrive<sup>TM<\/sup> fuel efficiency system. <\/p>\n<p>The ticker was also touted on investor forums, which led to a firm upward run with high gains in price and daily increases in volume. After the stock gained 75% in just 3 sessions, however, it was time for the correction which, as we wrote in our previous article, was expected.<\/p>\n<p>With the lack of news to back up the gains in value and the serious increase in traded stock, it was a matter of time for the correction to come. And just like we wrote in our previous article it came sooner than expected.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left; margin: 3px; border: 1px solid black;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/1151LOGO.png\" border=\"0\" alt=\"1151LOGO.png\" title=\"1151LOGO.png\" width=\"150\" height=\"47\" \/>Yesterday, the stock of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECAU\">ECAU<\/a> lost a hefty 22% in value as it slid from its opening price of $0.52 per share to close at $0.39, with even more traded shares than the previous sessions. With a total of 673 thousand shares switching hands it registered a 6 month high and managed to generate $288 thousand in dollar volume.<\/p>\n<p>Today&#8217;s session started off better and by now <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECAU\">ECAU<\/a> has made a small gain of 2.56% in price. How will the day end, however. Considering that we don&#8217;t see any press releases from the company it&#8217;s pretty unpredictable.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px; border: 1px solid black;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/6PGLO_chart.png\" border=\"0\" alt=\"6PGLO_chart.png\" title=\"6PGLO_chart.png\" width=\"350\" height=\"156\" \/>One thing is for certain. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ECAU\">ECAU<\/a> remains a risky stock of a company that is yet to start generating revenues again, with over $1 million in net loss for Q2 of this year. In any case be sure to do a lot of due diligence and take a huge risk if you plan on investing in this particular ticker.<\/p>\n<p>Among the other companies that were halted after a decent upward run were Pan Global Corp (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PGLO\">PGLO<\/a>) and TheDirectory.com, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SEEK\">SEEK<\/a>) who lost 33% and 20% in value, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the end of the past month the stock of Echo Automotive, Inc. (OTCMKTS:ECAU) started to go up after an optimistic press release with which the company informed the public that it has initiated&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[58,1074,856],"class_list":["post-3115","post","type-post","status-publish","format-standard","hentry","category-news","tag-ecau","tag-pglo","tag-seek"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3115"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3115\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}