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

To: wallstreeter who wrote (2869)	1/15/1999 12:26:00 PM
From: Kelly Igou	Read Replies (3) \| Respond to of 4767

Looks to me like we're not really going to sustain a bid over .62 until the weak hands quit selling into the rally. I'll bet a lot of folks had GTC sell orders ready to go between .50 and .75, waiting for just this scenario.

To: wallstreeter who wrote (2869)	1/15/1999 12:40:00 PM
From: Kelly Igou	Read Replies (3) \| Respond to of 4767

OK, how about this for a mixture explaining today's trading: - savvy folks getting the word on ETPI - get it now, it's gonna run away; placing limit orders hoping to load up before blue-sky and PR campaign - weak hands selling into the limited rally - MMs dropping the bid to create supply, scaring more weak hands to sell Prediction (for what it's worth): - next large wave of buys (maybe this PM, maybe Tuesday) will run up to 1.00, shaking out the rest of the GTC sells between .50 and .75, and some of the GTC sells between .75 and 1.00; probably settling around .75 at end of session - probably great resistance at 1.00, as people who've had GTC sells at 1.00 (in the event of a fast run-up, take quick profit) get filled - one day respite, as people reset their GTC sells to higher levels (say 2.00 - nice round figure) - may take three tries to bust thru 1.00, as some folks probably set sell stops at .875 and the volatility takes them out