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Microcap & Penny Stocks : ETPI-Military Entertainment Enters Civilian Market -- Ignore unavailable to you. Want to Upgrade?

To: Kelly Igou who wrote (2799)	1/15/1999 8:24:00 AM
From: wallstreeter	Respond to of 4767

hopefully that will change today

To: Kelly Igou who wrote (2799)	1/15/1999 8:34:00 AM
From: PREFSTOCK	Read Replies (1) \| Respond to of 4767

MUST READ Yesterday volume was 541,000 , confirmed selling was 87,100. That's approximately 15%. If people are selling then why were we up 85.2%? Sure we'll see some selling. Many don't know the fundamentals etc and many are in the positive big time. Also of the 87,100 on the bid side that printed some could very well be Market Maker short covering. It happens all the time. If all the hits on the bid were sells, the bid would have weakened more than it did. I watched T&S's and level II all day yesterday and when blocks went off on the bid side, most times the bid wasn't weakened. So probably 10% selling is a more accurate figure. I also feel mm's are not long ETPI, they honestly have no clue as to the fundamentals or pending news etc. They are probably way short and when the bid gets to .50 and buys are pouring in(and this will happen) some if not all mm's in the stock will race to cover. If u were a mm would u cover at the offer or in the middle if u could cover at the bid from another mm? Of course not. I don't anticipate $50.00 this month or anything but with 90% buying, even 55% buying we'll eventually get over $1 bid and then u will see massive short covering. We'll see what happens but these are the facts :)