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Microcap & Penny Stocks : Eutro ( EUTO )
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To: Ellen who wrote (2318)12/4/1997 3:37:00 PM
From: Stretch  Read Replies (2) of 12043
 
Well since I can not lurk anymore I will try and answer your question. When the mm's see all the limit orders at say .06 they will not go down there as there will be a tremendous amount of support at those levels. Now take the 4 companies they might try and flood the market to get it to drop and then pick up shares cheap. So we have to people or companies competeing for shares. So I think it is good to have limit orders so the mm's can see our support and also good if the 4 companies decide to flood the market with what is left of the 50 million because then we can also pick up some shares cheap. Also unless the 4 companies are market makers they can not see our limit orders. Just my opinion though. Happy Investing!

Phil
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