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Microcap & Penny Stocks : SETO Semicon Tools Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Harold V who wrote (3019)3/8/2000 7:07:00 PM
From: Fletch215  Read Replies (1) | Respond to of 3222
 
There is a very good reason why SETO did what it did today. It is called "short covering." Knight has been short 3 million shares of SETO for quite a long time. They are now short 2 million shares. The recent good news pushed this stock over $1.00. The rest is Knight covering their shorts. Then came a tout service on Monday. Then more covering. More good news today. And even more short covering. Just wait and see where SETO goes after they buy back the remaining 2 million shares! I see $3.50 tomorrow. Maybe more. Momentum players may jump on board soon. Then SETO will announce more good news. Just wait and see.



To: Harold V who wrote (3019)3/8/2000 7:19:00 PM
From: Rosemary  Respond to of 3222
 
Harold,

I don't buy into too many small companies, but the two times I did in the past, both of them went to $8 a share. They didn't have any further news to sustain them up there so they didn't hold.

If Pian keeps the press releases coming out, backed up by some good Q reports, maybe this time his wish to get on the Naz can be fulfilled.

I live in Asia and I can tell you that Phillips products are everywhere here.


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