eTotalSource, Inc. (fka ETLS)

[cogitoergo]

A comparison with VC*Y:

I am referring to a stock that went from .002 to .0265 in a week or so following a similar trading and shorting pattern as seen here. However, ETLS has been shorted for much longer and it has a lot of long-term holders who have been waiting to see a squeeze.

VC*Y's Short Squeeze:

The action on VCT* started when it was at .0008 on 02/11. Here's a table to give you a glimpse of trading.

 
 Date    Open    High    Low    Close	Volume        Short Volume     Short % 
  
 02/22	.0100	.0260	.0080	.0185	40,492,140	14,048,780        35 
 02/19	.0030	.0077	.0026	.0077	42,782,983	13,783,820        32 
 02/18	.0021	.0032	.0020	.0030	19,870,290	13,970,372        70 
 02/17	.0021	.0021	.0015	.0020	 8,115,195	 4,107,580        51 
 02/16	.0023	.0025	.0016	.0021	 8,268,791	 5,122,858        62 
 02/12	.0039	.0039	.0013	.0025	34,629,607	16,315,051        47 
 02/11	.0008	.0028	.0008	.0020	87,584,571	43,409,397        50 
 

It can be broken down into these phases:

1. Really high volume but dis-proportionate price action during the first couple of days. Almost all the float was traded but because of heavy shorting by MMs, price did not reflect it.

2. Sideways movement for the next couple of days but no major selling by investors. Hence MMs did not get the shares they needed to cover.

3. Volume came back in and coincided with MMs needing to cover the shorts. That made it even worse for them and they had to let it run.

So in merely 7 trading days, it was atleast a 13 bagger for those who got in when it was trading sideways (.002ish). And almost a month and a half later, it is still trading around .012, a 6-bagger from .002.

Take a look at the chart and see the action:

http://ih.advfn.com/p.php?pid=webchart&btn=s_ok&ihsymbol=&ihpagelist=Quote&symbol=USOTC%3AVCTY&s_ok=Get+Chart&period=2&drawmode=2&size=19&volume=1



Now let us take a look at ETLS:

 
 Date    Open    High    Low    Close	 Volume        Short Volume     Short % 
  
 04/07	.0045	.0050	.0025    .0031	195,656,825	85,173,530        44 
 04/06	.0019	.0038	.0017	.0038	 74,477,428	25,345,080        34 
 04/05	.0016	.0019	.0016	.0019	 10,718,199	 6,124,134        57 
 04/01	.0014	.0017	.0013	.0015	 12,089,493	 3,397,000        28 
 03/31	.0012	.0013	.0011	.0013	  3,410,000	 2,951,000        87 
 

If you compare it with VCT*, you will notice that Phase 1 seems to be over. MMs have a lot of shorts to contend with, 110M+ from the last couple of trading days. They will have to cover those shorts. We must be patient for the phases to come. If we trade sideways, good if we go up, even better, the key is not to give away our shares for cheap. We are only a few days away at best!

Here's a 2-month chart. Notice the accumulation here and trust me, it has been shorted so much and for so long. Look at how little red you see in those bars!
http://ih.advfn.com/p.php?pid=webchart&btn=s_ok&ihsymbol=&ihpagelist=Quote&symbol=USOTC%3AETLS&s_ok=Get+Chart&period=2&drawmode=2&size=19&volume=1



Do some DD. Whether you came here because of PSC or iHub's most active, look at what you have got here. You will realize that at these levels, ETLS is a gift. This is a short squeeze play. If we get news or the chart develops, even better. But we should see pennies even without any kind of news. Although I am hoping M. Uram is watching this action and gives us something to make it really excruciating for the MMs :)


Lastly, see what people way more experienced and knowledgeable than us have to say:

http://pennystockgurus.blogspot.com/2010/04/etls-virtually-entire-float-trades-and.html

If you have more time on your hands, see what the Guru was saying about VC*Y before the short squeeze. He knows and we better pay attention!

02/12, second day of the run, and he saw it coming:
http://pennystockgurus.blogspot.com/2010/02/vcty-short-squeeze-on-horizon.html

02/18, squeeze hasn't unfolded yet, but he knows what he is talking about:
http://pennystockgurus.blogspot.com/2010/02/vcty-could-vcty-be-volkswagen-of-pink.html

02/19, start of the squeeze that he predicted days ago:
http://pennystockgurus.blogspot.com/2010/02/vcty-in-midst-of-amazing-short-squeeze.html

02/22, second day of the squeeze:
http://pennystockgurus.blogspot.com/2010/02/vcty-tradethat-volkswagen-in-for-bmw.html


Good luck and have fun!