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


To: Playin my Cards who wrote (4988)3/31/1998 7:48:00 PM
From: Novice Bob  Read Replies (4) | Respond to of 12043
 
Hi Mike:

I sort of lost my cool yesterday, I was feeling bad for all the people who have been holding for so long, buying at much higher prices, see the effects of good news evaporate. I also felt bad for Eutro, they release news like this, expecting to see their stock price appreciate, giving back something to their shareholders, and their stock goes down.

To be honest with everybody, I have a chip on my shoulder when it comes to Market Makers. The first time I bought Eutro, the ask was $0.015. Not knowing any better, I put in a market order to buy, they filled me at $0.024, $0.025, & $0.027, the ask immediately went to $0.015. I called ETrade and asked how that happened, they told me it was a BB stock, and it happens all the time. I asked to speak to a supervisor, he told me the same thing. I did not consider this to be an ethical practice. When someone screws you like this, are you to assume they are above board on all other aspects of their business? I hear stories all the time about MM's naked shorting BB stocks, which is also an unethical practice. If the MM's are the good guys in the white hats making a fair and unbiased market for our stock, why is the system set up so that they can actually control and direct the trading environment as they wish? If you create an environment where it is possible for someone to easily cheat people out of their money, and in that environment there is a lot of money, and than offer not to regulate that environment, gee, what do you think is going to happen?

Then again, I could be wrong.

I hope we get more and better news in the future.

Robert