Lot78 Inc. (LOTE)

[varok]

Just a simple pullback on a great 3 day run.

The run started on Monday and had a nice stair step climb and a pullback was inevitable.

Close to the end of the trading session it appears the profit takers were balanced out and we are in a support area.

What propelled this run was the 18th news on itself was a powerful release, but actual substance was not taken in the best light. However, the article did state a compelling joint venture.

" Lot 78, Inc. (OTCPink: LOTE), announces its intention to target opportunities associated with the Province of Ontario's announced $20MM of incentives to build electric vehicle charging stations. LOTE has signed an exclusivity agreement with sPARK (www.sparkev.ca) Electric Vehicle Charging to market, sell and install Lot 78, Inc.'s Juice Bar Electric Vehicle Charger (www.juicebarev.com) products in Canada.".

So in short the profit-takers took their profits and we have stabilized in the .80 range. Still about 30% gain above the share price of .66 on the 17th, which was on the heels of the 'Whisper Wind' to the PR of the 18th that shot it through to $1.12 and the decline for the remaining session to now at .80, still up 30% from the .66 price of the 17th.

This issue is a long-term play and as we move forward and the business model, and let's not forget the potential of the Government support for the EV sector, will become a major player in the rechargeable part of the overall electric vehicle play.

Have a good day
varok