EUTO - (Eutro Holding Group) Message Board

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Microcap & Penny Stocks : EUTO - (Eutro Holding Group)

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To: david m. uhler who wrote (3968)	9/8/1997 7:39:00 PM
From: Michael Harb	of 8826

Dave, FYI. Here's how all the EUTO MM's closed today on bid and ask: Bid Makers: Ask Makers: NAIB .1825 NAWE .2050 NAWE .1800 ALEX .2050 MHMY .1800 CANT .2100 SHRP .1750 EQUI .2150 ALEX .1750 MHMY .2150 HILL .1700 HILL .2200 PGON .1650 SHRP .2300 CANT .1400 GVRC .2500 EQUI .1300 NAIB .2600 FRAN .1250 PGON .2650 GVRC .1125 FRAN .4375 JBOC .1000 JBOC .5000 I use the MM's 4 char symbols and sorted in decending order of bid and ask price. You can see some MM's like FRAN and JBOC are pretty much staying out of the trading with very low bids and very high asks. They are either staying out of the volatility all together. Or they have an inventory, they do not wish to add to, which they hope to sell at much higher prices. If you were to put a market sell in under these conditions. You would be selling your shares to NAIB at .1825 provided they had enough to sell you at that price. (Dave, BTW, all the MM's in this and most BB stocks I have seen only list that they have 5K shares avail to buy or sell at that price. That is not the case. They just don't want to tip their hands. You'll always see 5K shares avail, then a 100K trade comes through and does not bump the high bid or ask maker) Also many here have said, hey look at all these buys coming through and they drop the bid or ask. Remember one thing to consider is they are not reacting to trades you just saw on the tape. They are reacting to orders coming in not yet posted. 20 buys in a row may go buy. But someone may put a market sell in for 200k and they all drop their spreads in reaction to it. Of course that is just one of many circumstances. They also do try to shake people. But not as often as everyone thinks here. It's hard to tell what's going on when you don't know what kind of inventory each MM has. It is a lot of fun watching the MM's dance around, especially right before the open. About 9:20 all the spreads start jumping. They keep jockying in front of one another to be the highest bid maker. Think we're in for a great couple weeks. HOLD HOLD HOLD BUY BUY BUY. Start spreadin' the news.... mike

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