SETO Semicon Tools Inc. Message Board

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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: KZAP who wrote (567)	2/20/1998 2:04:00 AM
From: Eric Fader	Read Replies (1) of 3222

KZAP -- exactly right. When the stock is thin, the MMs open up the spread because they "can" (they'll say they're justified in doing so, to compensate them for their risk in holding inventory). It looks like it's tracing out another pennant pattern. As long as it stays above .50, the classic chart action is still intact, but even the low .40s (which I doubt we'll see, but it's possible) would only be a 50% retracement of the entire run.

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