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


To: Porter who wrote (9377)12/13/1998 11:29:00 PM
From: grw5  Read Replies (2) | Respond to of 12043
 
I don't know, Porter. Friday was a classic dead-cat bounce, a large steep drop at the open with a small recovery midday and starting to drift down by the end of the day. My guess(and it's just a guess) is that it will probably open right where it is and, although it might touch .017 on speculation(bad bet IMO) sometime during the day, it will probably fade throughout the day. I wouldn't be surprised the rest of the week gets worse as more and more people decide that a tax deduction may be the best option to get something back.

Who knows though, there might be a few momentum players(and MMs) try to work it. That was probably what caused that sight recovery Friday, but I don't think they'll hang around long.

Best of luck,
George