Whats going on with EVCC?

[gecko164]

anybody know whats going on with evcc. It went from $1 to $7.97 in 1 month and back doen to $3.

[mlegha1]

$1 to $7 and you dind't take any off the table?
I don't see any negative news may be overdue profit taking is driving it down.After looking at the chart it might find support around $2.25-$2.30 area otherwise i won't be surprise if it drops all the way back to $1.60s.

[bahroor]

profit taking, just like mlegha1 said.

Rule #16:
sick run + BB/OTC stock = quick profit taking

don't hold the bag

im waiting for it to form a base to play the upside... can jump fast and furious, not for the light-hearted.

my initial guess is a bounce off 2.50 or so, but will wait for clear confirmation. not worried about catching the bottom here.

[Goldman Slacks]

Day traded EVCC for a bit in Jan. but it got too wild. The volume was nuts for what it is. Be Careful! Here is a good read ...
http://www.canada.com/vancouversun/columnists/story.html?id=1c0c9cea-5d9f-402e-b01b-30a8966ad8aa

[bahroor]

keep an eye on EVCC
watch for some buying volume as the candles get smaller as it approaches support.

daytraded this one a few times already, looking for another entry soon. :mrgreen:

802

[bahroor]

printed: +10% today

[spanky]

Bahroor, what are you expecting out of this today?

I was watching this on 27 Feb to see if it would bounce off of the MA(75) like it did on 15 Feb... when the bottom dropped out of the market in general, I got in EVCC at 1.78 but held past the 3rd day up when it closed at 3.28.

I don't want to be too greedy, but this is about the only thing in my folio that's in the black, so I want to get as much out of it as possible to combat all of the red from my other POS plays.

[bahroor]

Bahroor, what are you expecting out of this today?

I was watching this on 27 Feb to see if it would bounce off of the MA(75) like it did on 15 Feb... when the bottom dropped out of the market in general, I got in EVCC at 1.78 but held past the 3rd day up when it closed at 3.28.

I don't want to be too greedy, but this is about the only thing in my folio that's in the black, so I want to get as much out of it as possible to combat all of the red from my other POS plays.

wow, nice entry price spanky... but why you didn't get out when it was printing 3.20-3.40 is another story.. there was a clear sell signal the very next day when it gapped up. ill mark a chart up for you

buying volume is drying for now and more selling could start soon.. its made an attempt to break 2.70 once today and will probably try again.. that would be my exit point for you.

a 2.69 exit would give you a 51% gain 8)

[bahroor]

notice that each candle represents 10 minutes of action.

chart displays last 5 days
816

[spanky]

The block with the entry at 1.78 is all I have left. I already snipped two other blocks that I bought at 2.04 and 1.90. I got out of those blocks with a 37% and 32% gain, respectively.

Would love to see your chart with the sign to get out... that's the one part I don't read well. I can't see your attachment, would you try again?

[spanky]

Bahroor,

You don't think that since EVCC has topped the 10 and 20-day MA that it will run toward the upper BB?

Look at what it did when it topped the 10 and 20 day MA back in Dec 06 -- why wouldn't it do the same now?

[bahroor]

Bahroor,

You don't think that since EVCC has topped the 10 and 20-day MA that it will run toward the upper BB?

Look at what it did when it topped the 10 and 20 day MA back in Dec 06 -- why wouldn't it do the same now?

thats possible spanky (even though I don't like the decreased volume), its also possible that it could get some news out of nowhere and skyrocket back to 7 very quickly (its done that before also)

but i tend to tighten up and take profits if I'm up 50% like your case.

i was just telling you what I would have done. (I actually did trade it the day before the gap and again yesterday)

GL to you!

[spanky]

Thanks, that's all fair.

From the news front, they are trying to perform life cycle testing on their catalytic converter, but had to get more equipment to eliminate vibration induced by the motor they were testing on.

If they successfully test the item, it will likely bounce again.

[bahroor]

not sure what happened with the chart, lets try again..

821

[spanky]

Good analysis, thanks!