It was clear yesterday the sell off was coming. It was confirmed for me after the PR was released this morning. This PR should have been proof of financing they have to fund the dealerships. That's what the "pump" was about. This was being accumulated last week for the possible release of secured financing. When the first PR hit Tuesday, you saw "wrongtxxx" say he was having his group buy more. In fact they sold, especially yesterday because they knew the next PR wouldn't be about financing and there was no way the market was going to buy EVCA without the real meat! They still made a nice profit and left lots of other buyers in the dust to sell for slight profit or loss.
In my opinion, this is a good buy in the .017 to .018 range IF .017 support is able to be held. Maybe this will hold .018 now, I'm sure there are some new investors stuck in the red here as a result of the pump. Tomorrow will be interesting....Good luck to the longs.
BTW, it was nice to see the longs call the pumpers out last Thursday and Friday.
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