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Microcap & Penny Stocks : SETO Semicon Tools Inc.
SETO 0.0145+11.5%Jan 9 12:04 PM EST

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To: Due Diligence who wrote (1511)3/3/1999 6:30:00 PM
From: TraderGreg  Read Replies (2) of 3222
 
SETO will do just find. At its low levels in the teens/low 20s, it was incredibly oversold. On the BBs, it was in a way, a victim of its success. The other trash that trade on the BBs can hype themselves by saying tripe like: "We will soon become a reporting company" and "We will turn the corner to profitability soon".

SETO is already reporting and already profitable and has been both for quarter after quarter. So, the logic followed, how much more upside could it have? I have seen this same logic employed in a number of listed stocks. On the Inets, it seems the ones that are most profitable have had the least movement. Crazy but true.

But in the long run, SETO will be fine. Remember, $2MM earnings forward year 2000 is 20 cents a share with a 20% + growth rate. Do you think that might be worth a P/E of 5 or is that asking too much?
TG
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