Monday Overview- Envision Solar-EVSI

My biggest (current) small cap position is in EVSI and SCLW.  Socialwise and their Bill My Parents product line we will explore later, since lots is happening with it, but right now this week (or two) will be focused on Envision Solar.
EVSI (Envision Solar)
 I am very pleased with my EVSI position so far up 31% in a short amount of time. I took my first position less than 2 months ago and I am continuing to add.  My last buy was the 21st at .47.
I can hear it now, "Lock in gains...its 31%"...sure this would be important if we were talking a mid or Large cap, however pennies are different...

Typically with a jump on a penny stock, its either its a pump and dump, an outright fraud,  or I believe in this instance, a decent company thats doing everything right and starting to attract attention as a start up. (this is rare and I would say represents less than 1% of penny stocks).

Here's what I like about Envision Solar:

First the big three:
1) Real company with a real product and employees...this actually is a lot more rare than you think in penny land .

2) No outright stock pumping can be found  at this point

3) Solid Management

Followed by...
- Low O/S (outstanding share count)
- Very low float
-  Already had a nice correction and is moving up again (in July)
-  We are finally seeing the 30 daily trade average creep up...this is what you want for steady gains. - It also has decent technicals, but really for a penny stock that doesnt mean a lot. Its more who and what you know :-) If you hear a big player or fund is moving into a stock, that will trump any technicals with a stock that is thinly trading.

I am looking to add to my position under .60, since the buzz and my research is telling me my short term target price is .80-$1.00+.

Side Note:
 Although I am not long, some people might be tempted to stay in after doing their Due Diligence on Envision Solar. 
I didnt see any outright really nasty dilution contracts, but I am not in this for the long haul so its not important to me. If you wanted to stay in a penny, then this is a must. I would read and re read every filing looking for that hedge fund or Angel investor with the nasty convertible dilution contracts...AKA the death spiral.

(Below is a screen shot of my Etrade account EVSI position)