...................................................................................PART I
This particular story has its origin in 1997 before IHub was even an idea. In fact, the chat platform du jour at the time was Silicon Investors. While SI is still active, my profile (along with many others) is no longer available due to a file corruption on one of their servers at that time. As a side note, at one time, I was active and used my alias "Theo" on all three of the big threads of the time (Silicon Investors, Raging Bull, and, of course, here on IHub). While I no longer have access to my original alias, I do have another profile (they made me create) that I haven't used in a decade and a half so that I can at least chase my history.
Now EUTO was not my first stock purchase back in the day, but it was my first major faux pax and the beginning of a long period of painful lessons to be learned
The late Jim Bishop and me back in 2010 were discussing embarrassing posts we have made in the past here- (#msg-50563286) when the ticker EUTO came up. I looked it up on SI, and sure enough, I posted to another poster who went by the name "Jim B". This is/was him based on this post (#msg-50563379). Anyway, he was in it too and it's fun to go back and read those posts....<sigh> but I digress.
Another poster (rest in peace) by the name of Gary Swancey whose alias was GaBard also resided on SI. In fact, it was he that turned me on to EUTO. Gary was a character. I loved the guy. He got so excited and he went after DD like a bulldog even though all of us were cutting our teeth on market manipulation techniques by the big boys at the same time. It was a heady time period to be sure. I marvel even now at the pace that all of us were learning the tough lessons. Anyway, it had been determined that the best course of action on EUTO was to buy up the float and all us "investors" (sheep) would call for our certificates so the TA would need to retire them and subsequently force "Shorty" to cover. Yes, it's laughable now but THAT was the conventional thinking at the time. I believe it was Gary (but don't hold me to it) who coined the phrase EUTO to PLUTO!lol! He was an excitable guy.
This was a SI post from Jim at the time to provide context:
Another SI post to provide context to the prevailing thought at the time:
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