EATON'S IPO (JUNE 2ND) Message Board

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Gold/Mining/Energy : EATON'S IPO (JUNE 2ND)

ETN 383.12

-1.2%

Oct 30 3:59 PM EDT

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To: RBMac who wrote (35)	3/18/1999 3:32:00 PM
From: Serge Collins	Read Replies (3) of 68

Right now I wouldn't touch this stock with a 10-foot pole. It's being manipulated by traders and the same rumour-mongerers that sent it higher a few weeks back. The problem is, when the truth comes out, the stock will come crashing back to earth in a hurry. My experience has been that these rumours are often traced to people who are looking to sell a position to those gullible enough to be manipulated by their tactics. Either they have a long position acquired at a very low price (probably picked up after the recent walloping the stock took) or it could also be shorts trying to give it a ride so they can short the stock after a sharp rise in the price. As far as a possible takeover is concerned, the parties said to be interested have emphatically denied it and I have to believe they are telling the truth.

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