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Microcap & Penny Stocks : SETO Semicon Tools Inc.
SETO 0.00700+11.1%Nov 7 9:30 AM EST

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To: Baram who wrote (2881)11/30/1999 6:30:00 PM
From: Joe Bilich  Read Replies (1) of 3222
 
Well, it is good to see the battery makers get some press, but it is hard to extrapolate from that article into retail buying for SETO, which was not mentioned in the article and is still way below the radar for institutions.

Further, if in fact such a mainstream article, aimed at retail investors, drove buying you would expect those orders to come in to the market makers pretty much equally. A prior post implied that MHMY was bidding way more than the other MMs and (presumably) the source of all the buy pressure. Assuming that to be true, there is some likelihood that they were acting on orders from a particular large buyer.

Assuming the reported data to be true, that MHMY was pre-emptively out-bidding all other MMs for most of the day, can anyone offer a coherent speculation as to the cause?

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