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Wednesday, August 25, 2010 8:17:26 AM
Except that there is no mention on the Monk's Den board or the EVCC board of a short squeeze on EVCC, let alone an FLD call.
I think EVCC was simply one of many hyped OTC stocks that jumped for a short period, then fell far, far back down.
It didn't trade in much volume until May 2006, when it was $1 to $2. It stayed below $2, falling as low as 60 cents over the next 8 months, until late Jan 2007 when it started to shoot up. After 2 weeks it hit it's $7.74 high price, then began to fall. Two weeks later, its high was less than half the peak, at $3. Six months later it was around 50 cents. A year later (Feb 08) it was around a quarter. Today it's at 6 cents.
So if you're counting on CDIV to follow EVCC's pattern, it already has - rising in fact to a much greater extent than EVCC. If that pattern continues, it could be very ugly in another six months.
The only thing necessary for the triumph of evil is for good men to do nothing.
EDMUND BURKE (and others)
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