Kandi Technolgies Corp (KNDI)

[bullmarket2222]

Do you think the short position wants to hear the facts, I think not!

Kandi Technologies ( KNDI ) shares have climbed near 20% and to an all-time record today after Forbes magazine wrote a positive article over the weekend about the company's electric car-sharing project in the Chinese city of Hangzhou, adding to recent momentum.

The company plans to make about 100,000 cars available to Hangzhou residents for hourly rental over the next few years. "If it goes as planned, there will be more EV drivers in Hangzhou than anywhere else in the world," the article said.

KNDI shares traded in a narrow range during the first half of 2013 only to take off in June as the company disclosed details of its joint venture with Chinese auto-maker Geely in Hangzhou. The stock was up 229% since that time through Friday's close.

Read more: http://www.nasdaq.com/article/tech-stocks-still-on-negative-ground-kandi-technologies-races-to-alltime-high-after-forbes-touts-prospects-cm314892#ixzz2pcPtPxgf