In looking over some of the recent price action, the earnings guidance that EWSI released before the last Q would have been a sell signal to me.
Very few outsiders caught on to that and saw the value of their "investment" in EWSI drop quite a bit.
When I see a company offer earnings guidance, I view it as a pump and exit with profits. Dump when the company pumps with PRs, Qs and earnings guidance. Wash, rinse, repeat. This is how the big boys play the game. It's very simple.
Don't buy when they pump. Buy when they are quiet and sell to others who believe the stock is going "to da moon" when they release PRs and the like. Those who fail to realize that Wall Street is a P&D will continue financing the lifestyle of those who know it and play it accordingly.
Back to EWSI: Once the official Q was released, there was no catalyst to bring in new buying because EWSI deflated the catalyst with the earnings guidance.
The catalyst was the expectation of a strong Q. Once the earnings guidance came out, it confirmed the expectations, hence the temporary spike and then the subsequent drop to where it is now. Smart money saw this and exited with profits.
Play the game to win. It's all a pump and dump, whether it's pennies or big boards.