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By: Prefstock
Reply To: None Tuesday, 8 Jun 1999 at 5:37 PM EDT
Post # of 1582
I know of someone that requested 64,000 more shares into certificate form today from their broker. That is over 1,000,000 shares that we have on the way. I would think starting monday we start to see some things coming to fruition. By the end of next week i feel the cheap shares won't be here anymore. Probably 5/16 or higher by then. The following 2 to 3 weeks after that should be very exciting as I feel many shares will be bought in the open market by those who need to come up with the certificates to send to us. There may be developements duing this time phrame that ad fuel to the fire. That will just make things run so much higher IMO. Today there was only 2 trades all day. 2 seperate buys at the offer. 10,000 bought when the stock was at .15 by .21. That buy of approximately $2,100.00 moved the bid to .16 from .15 and the offer went from .21 to .24 ( i guess this is supply vs. demand)( just amazing that a few grand moved the bid up 15% or so). Then later in the day with no more buying the bid creeped higher again to .17. Near the closing bell the bid went to .20 and the offer .24 as 10,000 shares($2,400.00) were bought.Stock shows last trade at .24 which is up 50% from the last trade yesterday which was .16, (the old bid) a sell. The important number i feel is the bid went from .15 to .20 ( A 35% gain) on less than $5,000.00 buying. Imagine when buys start flying in. We are entering travel season and ETVL has a very agressive pr campaign that is about to start. Names like Alamo have already been announced. I can just imagine who else they are talking to. As the stock trades a little higher the offers on level II look to be very spread out. After .30 offer, the next one is .38, (1 there) and .43 is the next one after that(1 there). Have a great week shareholders.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
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