{"id":3134,"date":"2013-11-08T14:15:08","date_gmt":"2013-11-08T14:15:08","guid":{"rendered":"\/?p=3134"},"modified":"2013-11-08T14:20:20","modified_gmt":"2013-11-08T14:20:20","slug":"green-automotive-corp-otcmktsgacr-retraces-after-freak-spike","status":"publish","type":"post","link":"\/articles\/green-automotive-corp-otcmktsgacr-retraces-after-freak-spike\/","title":{"rendered":"Green Automotive Corp. (OTCMKTS:GACR) Retraces After Freak Spike"},"content":{"rendered":"

\"8GACR_chart.png\"After a sudden price surge that saw the price double in the blink of an eye on Wednesday, yesterday’s very brief day of trading pushed Green Automotive Corp. (OTCMKTS:GACR<\/a>) 19% down to a close of $0.34 per share. <\/p>\n

Wednesday’s sudden spike probably blindsided a few traders, as there had been no pumps for the stock and no recent press releases from GACR<\/a>. The price movement generated a dramatic volume spike too as GACR<\/a> shifted more shares in a day than it had over the last eight weeks.<\/p>\n

The OTCBB tier of the markets was halted for the most part of yesterday’s trading hours due to a problem with current quotes and trading resumed normally at 3 pm. Despite the very short time frame to the closing bell, GACR<\/a> took an immediate nose dive and after briefly hitting $0.30 per share ended the day 4 cents higher.<\/p>\n

Within a single hour of trading GACR<\/a> shifted much more than its average volume on its way down. Even though the stock recovered briefly before the close, if the red trend had had time to develop over a full session, it could have potentially brought the price far lower.<\/p>\n

We already warned that a similar retrace was very likely and the price is still well above its pre-spike level, so today’s session could see GACR<\/a> dipping lower, should yesterday’s slump maintain its momentum.<\/p>\n

\"ASAB_chart.png\"Other double-digit movers in yesterday’s short hour of trading include Pan Global Corp. (OTCMKTS:PGLO<\/a>) who crashed by another 14%, with the pump that targeted the stock losing its footing and bringing the price over 70% down over the course of just three sessions. Allerayde SAB, Inc. (OTCMKTS:ASAB<\/a>) closed 10% down at $0.35 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"

After a sudden price surge that saw the price double in the blink of an eye on Wednesday, yesterday’s very brief day of trading pushed Green Automotive Corp. (OTCMKTS:GACR) 19% down to a close...<\/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":[1089,1110,1074],"class_list":["post-3134","post","type-post","status-publish","format-standard","hentry","category-news","tag-asab","tag-gacr","tag-pglo"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3134","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=3134"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3134\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}