SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : SETO Semicon Tools Inc.
SETO 0.00630-10.0%Nov 5 11:11 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TraderGreg who wrote (1833)3/16/1999 6:06:00 PM
From: ed zydek  Read Replies (2) of 3222
 
As far as I know the 3:45 friday feeding frenzy is a fairy recent problem which is occuring simply because of the large number of people who have recently discovered Quick-Picks track record. Their web page shows 4 examples of previously featured companies: JAWS BANY PRAN INNI. All 4 at least doubled within a short period of time. With this in mind it's no wonder that people have stampeded int their last 3 picks SETO ABYT and ROLL.

While it is easy for them to say that you should do your own research and due dilligence etc etc ,the history of this Quick-Picks thing has been that the quicker you get in, the more quick money you are going to make. SETO became a real mess for a lot of the speculators who got in a bit late and ended up buying at a market price of over $1.50. My guess is that most of the ones that intend on selling have already done so in the last few days and we're now seeing a bottom support level in the $.70 range. This should bode well for the stock price in the coming days and weeks. It's actually held up quite well considering the disappointing opening monday morning.

If you read the QP disclamer it mentions that while they are not compensated by any company which they feature, they are free to buy or sell their picks at anytime. Care to venture a guess on the timing of their trades? I sure wish I knew what they were buying on a friday morning.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext