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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: Gerald Merna who wrote (2884)11/30/1999 7:01:00 PM
From: Joe Bilich   of 3222
 
thanks--that is what I had suspected from the earlier post.

So--since there is nothing that would suggest that MHMY has been accumulating SETO prior to an anticipated run, or carrying a big short position it suddenly decided to cover, it seems very likely that this afternoon they began acting on new information or a stream of buy orders (or both).

As I doubt they, and no one else, suddenly got a bunch of small buy orders from many little investors all at once, it is not a great stretch to assume that they are acting on behalf of one significant client or group.

Soooo---any guesses? Would a company that has an investment banking agreement with MHMY also tend to buy through MHMY? Any other thoughts as to who MHMY is acting for? Do you see other possible explanations?

Chase the ripple.
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