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Microcap & Penny Stocks : SETO Semicon Tools Inc.
SETO 0.007000.0%Nov 21 9:30 AM EST

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To: jan_mike who wrote (1655)3/13/1999 10:30:00 AM
From: Joe Bilich  Read Replies (2) of 3222
 
You are correct--since SETO is obviously not 5 times the company it was a week ago, the question is what to do.

The folks who don't see anything in SETO long term will obviously bail quickly. If one likes SETO long term, "What to do?" can be restated as "How to best get out with windfall profits and back in lower?", or, alternatively, "What percent to sell and what percent to let ride?"

I'm in the latter camp--liking SETO longer term. But I want those windfall profits too.

So--what should we look for on Monday? I am not after price predictions as much as some discussion of market mechanics that might relate and how to interpret what goes on. How do you see Monday evolving?

Another angle--Does anyone have any history on past Quick Picks recommendations? Is there anything we can learn from their trading patterns immediately after the pick went out? How much buying power tends to follow such a rec?

KZAP--I suspect you had your tongue firmly in cheek when you posted the old link about the buy-back :) I really doubt that the company would be smart enough to authorize a buy back and then chase the stock on the one day it goes nuts. That is the one source I am confident the buying did NOT come from. Perhaps when we see financials we will see some indication of how many shares they have bought to date, but I kinda doubt that number changed at all on Friday.
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