Insidemoney,
Good stuff-I look forward to the inevitable positive comments from you once you buy back in. Nice to see you still believe in ESI though.
But you're right re disclosure so for the benefit of HC investors who invest solely on what's said on HC I'd like to amend my last post and add that this is my assumption that the share registry is in fact tightening.
Today was a pretty interesting one for ESI with one of the highest volumes to date. Clearly the ASX is still in turmoil, margin loans are probably under strain, there's now also inflation concerns and of course the credit crisis etc etc the list goes on.
Again it is my assumption that right now in the market place investors (esp daytraders) have to be a little more smarter to spot positive return buying given all the noise so with this in mind it leads to the question why is there still buying support (albeit soaking up) for ESI as seen today? All I’m suggesting is that it is share churn and in the last few days it’s the quality of investor that could be changing. It could be viewed as a positive sign and let's not forget aside from the market woes and possible board reshuffle ESI appears still on track. Let's hope we get some confirmation soon-it's just unfortunate that the ASX is somewhat troubled.
Cheers,
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