The quick recovery(Thur/Fri) indicates
that SMI has a strong base here at least for awhile.
Many feel (maybe rightfully so) that technical indicators don't mean much for penny stocks. I disagree. Almost every indicator shows recent strength and OBV (on balance volume) has been showing strength for some time.
With GXS coming back somewhat, I am very convinced that SMI will go up and soon...perhaps not much and slowly at first, but the run could be really good. At least its off its recent bottom, showed strength after 2 somewhat weak releases and gave anyone who thought it had a chance to buy in low....including me.
If nothing else, (and there are compelling fundamentals as well), OBV and SMI's sideways movement convinces me that there will be a good outcome.