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

To: Jack of All Trades who wrote (4954)	3/30/1998 9:15:00 PM
From: James Bender	Read Replies (1) \| Respond to of 12043

Well it sure was an active day for Euto...I am glad I missed it. Because of work I didn't even see the press release until 15 minutes before the closing bell... Everyone is down in the mouth because we are lower than before the good news. A lot of people E-Mailed me asking what I thought. So here is my take about todays trading.. A person has go to back several months when this stock cost 15 to 25 cents..A bunch of people bought in this range, or it would not have reached those levels. Then what happens? the stock come crashing back to the dime level and then on to lower levels... At this point there are hundreds of people with losses on their accounts and they are marked by the EUTO symbol..From then on their only defense is to cost average down not once but maybe two or three times. This can be nerve racking and uncomfortable to bring up at the dinner table with the ole spouse. Well this has went on for months without an opportunity for a recovery. Today was a good chance for a lot of people to finally get even with their losses. And more than likely a lot of sell orders were put in weeks or months ago with the remote chance that the stock might reach up and execute and bring salvation back to the dinner table one evening.. Tonight there are a few people that are going to be able to bring up a pleasant conversation with the spouse. BUT I believe that if they would have just have been a little more patient they would have had a better story to tell. I personally think that with warm weather we will see more good news from the company, in the form of more contracts and various other types of releases. Everyone keeps worrying about so many outstanding shares...It is not the number of shares.. it is the way a person thinks about them...You can have a 10 million float and more people want to sell than buy ,it is going down....To prove this point pick out 5 of your biggest company that you can think of and and divide the market cap amount by the stock price to find out how many shares there are...Then ask yourself how can this stock ever move.. Take IBM it was down a full point today on much less volume than EUTO and it has 1 BILLON shares..........................Jim