eTotalSource, Inc. (fka ETLS)

[TaoChange]

Recent Love Affair between PSC followers group and ETLS shareholders group

Here is my humble opinion about the recent roller-coaster ride with PSC followers: That ride was not so bad.

First, let’s see some twitter talk. (You could refer to the link http://twitter.com/#search?q=%24etls)

PSC sent tweets Wednesday afternoon:

2:38 PM Apr 14th “PSC still has every single share of $LHPT we received.”
2:46 PM Apr 14th “$Lhpt and $ccgc are still on our buy lists. ---“

An investor replied to them:

2:46 PM Apr 14th “@stockchaser how bout $ETLS?”

Another investor expressed some questions:

2:51 PM Apr 14th “RT @stockchaser: $Lhpt and $ccgc are still on our buy lists. --->That means now $ETLS is free from PSC's obstruction, or what?”
3:01 PM Apr 14th “PSC followers' selling off has been hung heavy on $ETLS so far. If it's done, now why not moving up?”

Some other investor replied:

3:40 PM Apr 14th “@stockchaser great call with ETLS..*sarcasm*..do you feel sick after telling people to buy buy buy at .007 when u know its headed for .003??”

Finally, PSC replied to this *sarcasm*:
4:35 PM Apr 14th “@mgm------- $ETLS made everyone money. We first alerted it at .002 and soared over 200 percent to .01. Did u invest any money in etls? “

PSC mentioned ETLS through Twitter first time, 2:36 PM Apr 8th, and at that time the price was $0.0032. Now, after a roaring roller-coaster ride, we are at the similar price again.

I don’t think it is so bad that PSC followers and other investors encouraged by stock newsletters flooded into and retreated from ETLS quickly this past week. During that time, perhaps, the volatile movement left some new investors here (who might currently seem bagholders) and took some old investors (who took some decent profits.) Nevertheless, at least one certain thing is that, I think, more penny stock investors than before are exposed to the “explosiveness” of ETLS, regardless of whether they are gone, or still remain here.

As we all are well aware, the “explosiveness” is simple: The outstanding shares are around 300M; two long-time investors hold 120M; and some investors who may read this post here hold, I guess, let’s say, 50M. Then, 130M is the float. Do you remember the outstanding (and possible float) of THRR, for example? It is, I think, around 11,000M (11B). Compared to THRR, ETLS’ float is 130M. Furthermore, they are sub-pennies: The entire price volume of the float is 130M x $0.0030 = $390,000, which is much smaller than those of famous or notorious short squeeze (low float) plays such as ZANE’s (the price of it is over $2).

Since this simple fact is now shared by the gone and the remained, ETLS can explode anytime: The gone come back when ETLS is ready. We witnessed how quickly the price became 10 baggers, and it may hard for investors to overcome the temptation of that experience. The percentages of short transactions for the recent trading days are as follows, which are all available from this board.

Short Volume Percentage
20100415|ETLS|9,395,495|19,871,388|47%
20100414|ETLS|22,310,473|64,982,586|34%
20100413|ETLS|15,968,631|52,754,962|30%
20100412|ETLS|32,573,034|70,403,821|46%
20100409|ETLS|33,602,351|85,769,859|39%
20100408|ETLS|26,961,454|54,840,088|49%
20100407|ETLS|85,173,530|195,656,825|44%
20100406|ETLS|25,345,080|74,477,428|34%
20100405|ETLS|6,124,134|10,718,199|57%
20100401|ETLS|3,397,000|12,089,493|28%
20100331|ETLS|2,951,000|3,410,000|87%

If there is something wrong, please correct and enlighten me further.

Added later: I think last time when ETLS passed one cent $0.01, it was too noisy and vociferous. The entire penny stock community has observed it. Now, this time when ETLS passes one cent again, we need to be more quietly in order for ETLS to follow the odyssey of VC*Y ($0.0265) or LY*N ($0.175).