20100401|ETLS|3,397,000|12,089,493|O 28% Close .0015 PSG blogs about it again since march 29
20100405|ETLS|6,124,134|10,718,199|O 57% Close .0019 20100406|ETLS|25,345,080|74,477,428|O 34% Close .0038 20100407|ETLS|85,173,530|195,656,825|O 43.5 % Close .0031 PSC takes first notice ? 20100408|ETLS|26,961,454|54,840,088|O 49.1 % Close .0038 20100409|ETLS|33,602,351|85,769,859|O 39.1% Close .0075 PSC blogs again
20100412|ETLS|32,573,034|70,403,821|O 46.2% Close .011 (hit a penny) 20100413|ETLS|15,968,631|52,754,962|O 30.2% Close .008 20100414|ETLS|22,310,473|64,982,586|O 34.3% Close .004 20100415|ETLS|9,395,495|19,871,388|O 47.2% Close .003 20100416|ETLS|12,731,135|24,837,515|O 51.2% Close .0035
20100419|ETLS|10,528,291|25,386,615|O 41.4% Close .003 20100420|ETLS|8,315,285|16,687,751|O 49.8% Close .0024 20100421|ETLS|8,436,333|15,882,080|O 53.1% Close .002 20100422|ETLS|2,801,467|5,546,617|O 50.1% Close .0021 20100423|ETLS|5,377,348|6,171,250|O 87.1% Close .0021
20100426|ETLS|6,085,950|9,138,413|O 66.6 % Close .0024 20100427|ETLS|10,852,577|20,791,664|O 52.2 % Close .0027
What I found interesting is watching Level 2, you could see the orders stall for a few minutes, so MM's walked the bid/ask down below the last traded price - REPEATEDLY. So if someone purchased shares, it registered a DOWNTICK. So the casual investor who's looking over at ETLS sees constant fluctuations & downward movement despite buying pressure; The 'big sells' only came at .003, more than likely profit takers that got in the teens and low twenties, then a bit more at the end of the day in high 20's. Understandable profit taking or getting initial investments out.
Second, Buy volume was 9.6 million and sell volume 10.1 million. I honestly thought looking at that at the end of the day, even though very close, means today they would have short volume under 50%; they were shaking hard today to cover for the previous five days... I was wrong !
They are simply continuing to dig a hole here.
I feel more and more ETLS still has a nice play ahead.
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