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Microcap & Penny Stocks : Eutro ( EUTO ) -- Ignore unavailable to you. Want to Upgrade?

To: Kevin G who wrote (1859)	11/26/1997 9:48:00 PM
From: FARRIS	Read Replies (1) \| Respond to of 12043

Thought I would add a thought in reference to holding tight on any stock, but EUTO specifically. First off, it is true that you only lose when you sell -- particularly when you HAVE to pay cash for these non-marginable securities. I first bought 62,500 shares of EUTO, paying .51/share. I then averaged down at .16 and then again at .02. Then the stock fell to the half-cent level. I waited a bit, having been totally burned on the stock. Then as some investors strarted showing up here on SI, (Bender, Markoff and many who have since left our company) I started buying -- alot. At one point I had about three million shares which I dutifully exchanged for preferred shares. At this point I and all the people I brought to this stock have made a profit and still own a lot of common and probably more preferred shares than most anybody. So, my point is this, hold your shares and see. I have NEVER owned a stock that did not eventually pan out to the point I could have made a profit -- NEVER. I have sold some before they came around, but EUTO really taught me that sometimes you just have to let the damn shares sit in you account and collect dust -- most of the time it pays off -- in this case, it payed off big. For sentimental reasons I still hold the original 62,500 share certificate and will only sell at such a time as the stock price rises to a point where those actual shares are profitable for me. I know many are concerned about their purchases in the .15 to .27 levels -- wanted you to know that there is at least one guy (who has basically quit posting here) who owns shares at MUCH higher prices who is holding them for the glorious day that this damn stock hits a couple of bucks. Eric