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Microcap & Penny Stocks : SETO Semicon Tools Inc.
SETO 0.00630-10.0%Nov 5 11:11 AM EST

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To: jan_mike who wrote (65)12/7/1997 4:21:00 PM
From: Eric Fader  Read Replies (2) of 3222
 
Guys, I like and use TA as much as the next guy, but here what you have, in effect, is a brand new company from the last time I posted here (I think it was #4). So all this crap about spikes and overbought/oversold makes no sense until "the market" revalues the company based on the acquisition. It doesn't happen instantly, but in zigs and zags, and on the BB it takes longer. The only thing I can't figure out is why the Malaysian company sold themselves so cheaply... maybe Bill Velmer knows, he's been following this company ALMOST as long as I have. I'll try to call Gene Pian after his flood of phone calls dries up, since I haven't spoken to him since probably June.

BTW there are no "evil naked shorts" here and I'd appreciate it if the CSMA/RMIL crowd stick to the facts. Just my opinion -- thanks.
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