ESI Chart, page-287

I find this day a bit amusing now, considering that the writing has been on the wall for days now, but none of the more revered nics delved into the obvious simplicity of the situation.
It's a matter of where the big biters from last week valued us when they bought and that was at around 1.8 cents, 1.7 was the low-point. The ESI chart won't help to unpack the last two days trading. It will move above and below this point until something that favours share holders has been released. It really couldn't be more obvious if we are seeing the business side and basis of a share holders decision making and that is Money. They don't want to pay more than the big biters. Todays action is nothing to do with gaps and charts and T3ers or pip trading or so on. It's just about value and the idea that the market overshot the runway above what the big biters bought at. The market has always organised itself this way with this breed of stocks. It's a no brainer and not complicated but it is definitely entertaining to read some of the more sophisticated reasoning that come with inevitable down turns in penny stocks as people try to avoid further avalanche.