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

To: KD who wrote (4395)	5/31/1999 1:59:00 PM
From: PREFSTOCK	Read Replies (1) \| Respond to of 4767

I am looking forward to some price movement to the north direction :). I guess it's just a matter of time. I sold some of my shares to speculate in a few other plays but i will hold most long term. I am currently very excited about NRPI. 35% friday and should impress tuesday and later in the week for starters. What I noticed about ETPI that was a challenge was the large float. NRPI's float is about 1,000,000 shares. It moved 35% friday on 286,000 vol only. I understand investors from LAKO and PCBM are loading up on NRPI and .75 plus may be the target by friday. I guess we'll see. Back to ETPI, i just think so many people want to get out that whenever we have a run we can't sustain it. I remember the run to .75 by .82 and a few other runs to the .40's. Someone was dumping a lot of stock. Maybe some restricted stock from over a year ago is free trading now. I really don't know where all the selling is coming from. What is dangerous about trading at these prices for very long is very obvious. Who wouldn't buy stock at .20 and sell at .30 for 50% gain? Most would I think, most have. Looking at level II i find it hard to believe ETPI bid would see levels lower than maybe .15. There are 8 mm's at that price or higher. However if LARGE blocks of stock are sold by impatient investors or stock from past deals becomes unrestricted and gets sold we could see 1/8 bid or lower. If that happens with this stock I don't know how it would ever trade north of .40 again. I HOPE we don't go lower. FYI there are 11 mm's offering stock under .40 currently. 8 of them at .30 or lower. Comparing that to an NRPI with a float 1/6th the size..8 offers up on that play and the stock trades at .78. Keep in mind that NRPI was trading as low as .30/.32 bid friday. That was an all-time low for the stock in over 5 years being traded. Have a great holiday weekend.