Charting the almost lifeless pulse of ESI in between big volume big milestone days, might be entertaining to study in chart form, and maybe even accurate ( considering how easy illiquid microcaps are to push up or pull down ) but really,,, recording the nano, fluffy propped churn of an illiquid minnow pre production tech stock prior to mooted milestone action, is akin to shaping a banzai tree with a chainsaw whilst playing blackjack with a marked deck in order to pay for brain surgery on your neighbor's pet hamster.
When big deals hit the notice boards,,, ect has SIR potential on big volume,,,
During the other 362 to 3 days in any given year,,, the excuses, conspiricy theories, and grape vine fermentation gives rise to much entertainment.
When hamsters need micro-surgery , easier to get another hamster, or forget about hamster for a while,,and certainly,, no need for a complex post mortum .
My take on Friday is simplistic.
It was a lack luster downward trading day reacting to world markets, with the exception of the few gainers scrolling at the top of this page,,and Friday when there is no news or rumor of news hardly ever bodes well for an illiquid microcap that had moved up without fundamental reason over the days prior ,,
AND;
Whether news is considered to be just over the horizon,,,big,,or otherwise, 1C TO 1.7C without reason to sustain,, is,, marked deck of cards stuff.
Interesting charts,, but imo,,, grain of salt stuff under the circumstances . My germanium diode crystal set pumps out more volume atm.
No offence intended . Charts are indeed proven tools.
But to chart a pulse you need at least a sniff of a beta wave imo.
With esi imo, there's just too many off the chart variables that can't be incorporated into a pure alpha micro stock until the 'monitors' reflect a little 'blood' pressure .
ESI Price at posting:
1.5¢ Sentiment: None Disclosure: Held
