TraderGreg,
On Friday, SETO was clearly being accumulated as evidenced by the daily log. In fact, when a rush of buying came in late afternoon, the price was temporarily elevated to the 70,s. Apparently SETO has found a base and will move from here. If this kind of activity continues and the stock is in fact being accumulated by serious investors, any solid release should have a very positive affect on the price.
I am MOST interested in the EPS announcement. If it is as forecast (.03), then the stock will be flat or even dip. If the EPS is slightly above the forecast (.04 or .05), SETO should have a corresponding up tick. AND, lastly, if the EPS is significantly above the forecast (.06 or more), then I expect SETO to move up sharply in price. Having said that, I am now waiting for the company announcement and will expect activity as per stated above.
As always, these are my thoughts and represent my position. I urge all investors to spend their dollars as per their individual needs and goals.
Warm Regards,
Chief |
