{"id":716,"date":"2013-02-04T05:27:00","date_gmt":"2013-02-04T05:27:00","guid":{"rendered":"\/?p=716"},"modified":"2013-03-25T20:14:27","modified_gmt":"2013-03-25T20:14:27","slug":"echo-automotive-inc-f-k-a-canterbury-res-inc-otcecau-abandoned-by-pumpers","status":"publish","type":"post","link":"\/articles\/echo-automotive-inc-f-k-a-canterbury-res-inc-otcecau-abandoned-by-pumpers\/","title":{"rendered":"Echo Automotive, Inc. f.k.a. Canterbury Res Inc (OTC:ECAU) Abandoned by Pumpers"},"content":{"rendered":"

\"0ECAU_chart.png\"Echo Automotive, Inc. f.k.a. Canterbury Res Inc (OTC:ECAU<\/a>) managed to close in the green on Friday, although there wasn’t any news or new filing, and it looks like the pump campaign is over. <\/p>\n

ECAU<\/a> closed up 12.41% at $1.54 per share. The volume was a little over 4.4 million shares. It should be noted that ECAU<\/a> couldn’t closed at the high of the day and after-hours trading has it down to $1.36.<\/p>\n

\"ORYN.png\"The pumpers at Providence Media Strategies LLC seem to have dropped ECAU<\/a>. The last emails we got from their newsletters are from Jan. 31. The disclaimers stated that they were paid for one month, but it seems 16 days are enough.<\/p>\n

One of these newsletters is the Bedford Report. It used to be owned and operated by Paragon Financial Limited and it was used in a couple of pump efforts on Oryon Technologies, Inc. (PINK:ORYN<\/a>). In both cases the newsletter was hired by third parties who had been paid a lot more money to artificially inflate the price of the stock.<\/p>\n

When pumpers manage to get the price of a stock traded on the OTC or Pink Sheets above a dollar, the way down to a reasonable valuation is hard, as believers have to let go of their illusions.<\/p>\n

There are often some spikes which look like comebacks, but in the long run traders need performance not hype. Friday’s 12% gain is hardly any consolation for those who bought in before the dumping started.<\/p>\n

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

Echo Automotive, Inc. f.k.a. Canterbury Res Inc (OTC:ECAU) managed to close in the green on Friday, although there wasn’t any news or new filing, and it looks like the pump campaign is over. ECAU...<\/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":[58,277],"class_list":["post-716","post","type-post","status-publish","format-standard","hentry","category-news","tag-ecau","tag-oryn"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/716","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=716"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/716\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}