RE: cbs you are a joker- load up?" This is a classic pump and dump case!"
I don't think so. I like the story here, and I don't think there's anything going on that is anything overly shady...it's just that stocks follow an ebb and flow pattern very well. Especially this one. Not all stocks are good for TA, but EC has followed the "rules" very nicely. It's bounced very nicely off of 50 DMA support for over 6 months. It is because it adheres so nicely to that that I moved it to a sell once it finally broke the 50 DMA.
EC is not "broken" or anything like that. It will probably come back. It's jsut that in the short term it will almost for sure goto below
.70 to retest the 200 DMA. It is just a normal market move, and it happens.