Friday, April 9, 2010

ETLS - My Comparison To VCTY Two Days Ago Looks Spot On - ETLS $.026 on Monday?

Today ETLS closed at the high of the day and traded like a coiled spring.  I still don't think that spring has sprung.  Why?  If ETLS is indeed following in the path of VCTY, as charts and market maker shorting indicate, than ETLS could see a price per share of $.02 or better as early as Monday.

I have a few VCTY charts from a few months back.  VCTY was a Penny Stock Guru stock pick for my subscribers at $.0008 a share.  After a week of steady buying the stock started to make a move higher.  AS the buying pressure increased and the short market makers realized their dilemma, VCTY vaulted all the way to $.0265.  I could see the same scenario happening with ETLS.

For those of you who weren't readers back then, I was on to the VCTY short squeeze possibility from the start. Here is a link to one of my posts:

http://pennystockgurus.blogspot.com/2010/02/vcty-could-vcty-be-volkswagen-of-pink.html

This is a chart of VCTY that I would say is comparable to today's ETLS close.  VCTY closed at $.0077 on this chart, ETLS today closed at .0075.




The very next trading session VCTY was the subject of a massive short squeeze and the stock soared almost 200%:






Now lets look at ETLS and VCTY on the same page and it becomes quite clear ETLS is embarking on the same type of run that will bring ETLS shareholders to a very lucrative destination:




ETLS is a stock with some very explosive ingredients.  It has tightly held shares, an ever increasing investor base, and nervous shorts hoping interest wanes on the stock so they can cover at lower prices.  I'm betting they won't get the chance.

The Guru's initial targets on ETLS when it was trading at $.0007- $.0015 was $.005 - $.0075.  We closed at $.0075 today.  Now would be the time to issue my new targets.  These numbers are incumbent upon continued buying pressure on Monday and the days ahead:

Monday $.012-$.015
Ultimately $.02+.

This could be a historic squeeze and one that will be fun to watch.

1 comment:

The Postal Service said...

Hey thanks for your picks, I've done well with them, smiley face.

Have you looked at ecog?

Man, awesome product, fully reporting top tier, 3 cents a share, 18 to 25 mil float and huuuuge deals in the works. I know people don't like emails from ceos but he has said "it will be dollars soon".