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Microcap & Penny Stocks : Eutro ( EUTO )
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To: taz man who wrote (2247)12/4/1997 7:26:00 AM
From: Theo  Read Replies (1) of 12043
 
Taz,

~~"Just a thought but do you think that the MM lowered the bid that
low hoping to hit some sell stops that people might have on their
positions?? They hoped it would cause panic selling, hitting others
stops, but it caused panic buying instead."~~

My feeling is that is exactly what happened only I think they knew all along that there would be rapid buying once the lower levels were reached. It'll be interesting to see if this same scenario takes place again at the current price level, or, if they attempt it in stages at different price levels (rising). Gonna be an interesting month IMHO <SEG>..................................................

Theo
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