EESO - R.I.P

EESO fell over 45% today amidst record volume.  A case could be made that this is as high as EESO will trade.   A penny stock can run only so many times before people realize what they are buying.  Another way of looking at it is there are only so many suckers left to support a stock.  Once the supply via company selling, and shareholders running for the hills outstrips the demand of believers and bagohlders averaging down bagholders the stock crumbles.  The chart below says it all.  EESO will find its resting stop at the same price at which it was brought into the penny stock market.

EESO you made many a small fortune while bringing others pain and thinner wallets.  You will live on long after your death.  May You Rest In Peace.

Of course the pennystockgurusaw this coming from a mile away.

Tuesday, June 2, 2009
EESO - A Bounce Or RIP
After EESO plunged 21% on Tuesday on 91 million shares one might ask if the final nail is being driven into the coffin on this stock.

As we wrote back in February, the wheels where bound to come off the EESO train, it was only a matter of time:


Tuesday, February 3, 2009

EESO - Gotta Know When To Fold Em
EESO has posted another miraculous rally. The stock has run from triple zeros again well into the pennies to close the Tuesday session at $.017 just off the high of the day. If you are holding EESO now is the time to be thinking about heading for the exits.The chart is screaming momentum, but it won't be long before EESO is back down below $.001 a share. That much is a given. The only question left is how much of a profit will you be left with when this stock starts to crumble. This isn't bashing, its fact. EESO's share price will crumble and the only thing holding it up will be investors who bought in at $.01 and above wanting to average down.EESO could surge to new highs, but that is unlikely. Just like we call the bottoms we are calling a top. The buck stops here.Happy trails.


Of course it is not easy timing momentum, price or volume. At this stage you have to wonder whether EESO is heading toward the triple zero's now, or will bounce back into $.01 land for one last shot at stardom.

It is rare for a .000 stock to make two impressive runs well above a penny within a year. Maybe EESO will pull the hat trick.... or maybe the shot goes wide and the stock quietly fades away.


http://pennystockgurus.blogspot.com/2009/06/eeso-bounce-or-rip.html