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Technology Stocks : Verified Perscriptions System ETCR -- Ignore unavailable to you. Want to Upgrade?


To: Ronald P. Margraf Sr. who wrote (83)4/10/2002 11:20:01 PM
From: dkgross  Read Replies (1) | Respond to of 397
 
Guess I'll have to put another order in at .08 then :)



To: Ronald P. Margraf Sr. who wrote (83)4/11/2002 2:35:20 AM
From: DaiTN  Read Replies (1) | Respond to of 397
 
If you pay attention at the trading pattern of ETCR, you would have noticed that the supply and and demand had nothing to do with the price movements. Price tanked from 16 to 9.8 cents on little sell-off percentage wise (there were about 60% sells compared to 40% buys), and the price movements did not reflect the supply and demand of the stock. It was the MMs who moved the stock up and down to profit from the gaps.

I don't see this stock goes to 8 cents intraday. But if it does, and most importantly, if it close below 10 cents this week, we are in trouble. The intraday is not an important factor, as the MMs will take it up and down to make their profit. The main factor is the closing price. If this stock close below 10 cents on any given day this week, then I have to assume that the run is over, and it will fall back into the 4-6 cents range waiting for the next run near July 16th.

I am looking at this stock from the trading point of view only, and not paying attention at all about its fundamentals. I don't believe in investing in penny stocks. they are for trading only. In addition, today's volume and size of the shares traded were too small for me to think the insiders were involved. Again, I believe we won't see any news until near the conversion date.

As much as Utha has been gang-ho about this stock, I don't see ETCR any better than ECNC from the fundamentals point of view. I see it as another penny stock being manipulated by special interests to ripe-off the public, but I agree with you that there are serious money to be made here.

Good luck!

Dai