There is $27,000 worth of sellers in the queue @ .004. Not much at all, especially when you compare to the bidders at .003. We are having trouble holding .005 but I think .005 was someone trying to manipulate in the closing auction on Friday anyway.
Still plenty of interest and no running for the exits yet. There has not yet been any real retrace since we hit .004 and the dip into .003 today has been on pretty low volume. Previous HFT efforts to try and trigger stops have been unsuccessful so I'm not too concerned.
I agree there might be retrace from current position but don't think it is panic stations. Those that sell out now for a loss or break even risk missing out on the next ann. These guys have been releasing good news pretty regularly lately and I think the next move (on volume) will be up.
ESN Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
