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Microcap & Penny Stocks : Eutro ( EUTO )
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To: Jim Reome who wrote (7220)9/29/1998 10:20:00 PM
From: Mike K.  Read Replies (1) of 12043
 
A few more observations

1.)I think that a big gap is unlikely tomorrow. Here's why; The stock has been flat for over three months now. Anyone accumulating at these levels could have a war chest full of three cent stock by now to sell, return,or hold.

2.)To open another thread now is a bad idea. Here's why; A new thread with the kind of posting volume Eutro generates would I suppose, make the Hot Subject file.This would bring fresh blood to the table and create interest in the stock. However, would it not also bring the day-trader-quick-hit-and-out crowd that flattened this stock on the last run? If Eutro management has put this deal together based on a fairly long run at a very consistent price then a fast run-up could potentially queer the deal. If the share issue is allowed to be resolved then the price will take care of itself and rise.I would be very happy to see a slow, steady increase based on some sort of fundamentals ( this statement would have made no sense prior to the new disclosure requirements )

3.)There are areas of resistance along the way. four cents, eight cents, ten cents, thirteen cents, and that really really big nut of twenty five cents!

4.)As far as I know it is impossible to short sell a penny BB stock with any reputable broker. They will tell you that it cannot be done. The idea of someone having to cover a short position in this stock does not make any sense to me.

5.) Someone just buying in at these levels could do very well for themselves.
There.... Thanks for letting me "free-flow". Comments are always welcome
Mike K.
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