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Microcap & Penny Stocks : EUTRO INVESTMENT GROUP EUTO (LONGS) -- Ignore unavailable to you. Want to Upgrade?

To: Emec who wrote (740)	12/29/1997 4:20:00 PM
From: Curtis Brown	Read Replies (2) \| Respond to of 1667

Do we still believe the short squeeze theory to be correct? There has been mamoth selling all month (some by former members of "shortbusters" with large holdings) . Even if there was a large undeclared short postion in EUTO taken by the MMs, they have had ample opportunity to replenish reserves and/or cover at .03 to .04 per share. I agree that this stock will move foward after the first of the year, and I remain very long on EUTO. However, my attitude is based on the retirement of the 50 million (assuming we are not being mislead by the company as some think) and not on a suspected short postion which may or may not exist. Also, I may be wrong (as is often the case) but I thought I saw a lot more selling today than buying, yet the both the bid and ask moved half of one cent north. Can anyone explain this contray move? Believe me, I am not complaining, just curios. Perhaps this shows good strenght in EUTO. Good luck to all, TIm (I am logged in under a friend's name, so please direct comments pretaining to this post to timmask and not Curtis Brown. Thanks guys.)