{"id":662,"date":"2013-02-08T05:18:00","date_gmt":"2013-02-08T05:18:00","guid":{"rendered":"\/?p=662"},"modified":"2013-03-25T19:55:57","modified_gmt":"2013-03-25T19:55:57","slug":"echo-automotive-inc-fka-canterbury-res-inc-otcecau-drops-like-a-rock","status":"publish","type":"post","link":"\/articles\/echo-automotive-inc-fka-canterbury-res-inc-otcecau-drops-like-a-rock\/","title":{"rendered":"Echo Automotive, Inc. fka Canterbury Res Inc (OTC:ECAU) Drops Like a Rock"},"content":{"rendered":"

\"08ECAU_chart.png\"Echo Automotive, Inc. f.k.a. Canterbury Res Inc (OTC:ECAU<\/a>) took a 20.67% dive in yesterday’s session. This drop erased the gains made over the previous three days and took the price down to $1.65 per share. <\/p>\n

The plunge happened despite the announcement of the addition of a member to the Advisory Board and an in-house General Counsel. Alternatively, it could have been a case of selling on the news.<\/p>\n

The addition to the Advisory Board is Dale Jensen. Mr. Jensen has an impressive entrepreneurial history, but his position on the Board is no guarantee of success for ECAU<\/a>. The promotional activities around ECAU<\/a> will continue to cast a shadow of doubt.<\/p>\n

\"25STEV.png\"High volume selling during the session took the price to a low of $1.45 but the pressure was absorbed to reach the close 20 cents higher. This doesn’t mean ECAU<\/a> won’t share the fate of Stevia First Corp (PINK:STVF<\/a>) and Stevia Corp (PINK:STEV<\/a>).<\/p>\n

Positive press releases about the hypothetical potential of a company can sustain inflated price levels for a time. However, that time is limited, and if the company in question fails to deliver significant results, the market will correct the inadequate valuation.<\/p>\n

The lack of filed documents after Dec. 18 may also be viewed as a troubling sign. ECAU<\/a> is in a precarious position. Creating so much hype results in expectations, and the failure to live up to those expectations is what drove STEV<\/a> and STVF<\/a> to where they are today.<\/p>\n

\"\" <\/p>\n","protected":false},"excerpt":{"rendered":"

Echo Automotive, Inc. f.k.a. Canterbury Res Inc (OTC:ECAU) took a 20.67% dive in yesterday’s session. This drop erased the gains made over the previous three days and took the price down to $1.65 per...<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[58,270,269],"class_list":["post-662","post","type-post","status-publish","format-standard","hentry","category-news","tag-ecau","tag-stev","tag-stvf"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/662","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=662"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/662\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}