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Microcap & Penny Stocks : SETO Semicon Tools Inc.
SETO 0.007000.0%Nov 14 9:30 AM EST

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To: mullj who wrote (2185)4/12/1999 8:54:00 PM
From: Dave Gore  Read Replies (1) of 3222
 
Mytrack says 11.7 M and 8.1M for O/S and float...very reasonable, certainly the O/S is on the low side, which makes the EPS number bigger when you announce a decent NET PROFIT.

That is good folks....a low or reasonable O/S is way more important than float.

The float is often overexaggerated.

EXAMPLE: PNLK moved great today with a huge float, while CYSS went down on buying with a miniscule low float of about 300K.

Lots of times it is the "friendliness" of Market Makers that determine how rapidly and well a stock goes up on buying. Of course "friendliness" means whether they have plenty of inventory at low levels, often after panicing out the weak, and now want to run it and get some people to pay too much before moving it back down.

Such a game....and boy does it help to have Level 2 service, like mytrack.com
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