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

To: James Lee Baldwin who wrote (3127)	8/14/2000 5:20:37 PM
From: James Lee Baldwin	Read Replies (1) \| Respond to of 3222

#6 By: SETOFISHER $$$ Reply To: 3571 by limemile $$$ Thursday, 10 Aug 2000 at 4:00 PM EDT Post # of 3649 Limemile and all hope your having great days!!! To answer your first question; currency fluctuations have little or no impact on us at all (as shows in our financials filed on Edgar). The explanation in English, however, is that any product shipped from ANY of our subsidiaries is billed and subsequently paid for in U.S. dollars only. In addition, currently China,Hong Kong and Malaysia all have fixed rates of exchange . Although this could certainly change, as it did during the Asian crisis a few years ago, it is our belief that Asia has had enough and that it is in their best interests to "play ball" in this new global economy. Again though, this would have LITTLE OR NO IMPACT on us for we bill only in U.S. dollars. Your M.M. statement is best not commented on YET as I believe that the three firms with the short position may look here at least periodically. I will point out, however, that their short positions are not personal towards us at all. I was a MM trader myself for a while these people trade order flow. They also live and breath by the axiom YOU CAN ALWAYS BUY IT LOWER. They are not often wrong; but when they are and have to cover there are serious losses and I have seen MANY firms go under due to a bad short position. View it like Atlantic City--- the house never loses---- net,net. Especially on the OTCBB. The reason for this is that unlike SETO many OTCBB companies have great ideas that will never quite reach frui tion ; they also typically use alot of P.R. who once they have sold the stock they received for their P.R. work dis- appear and so does the bid. This is when you see a stock drop dramatically on low volume and this is when the MMS make their money. Armed ,also, with the knowledge that non- stop buying never lasts for ever these MMs run a stock up when they see buying and drop it back down to cover when that buying slows. But rest assured these men are also quick decision makers and they do realize that sometimes they are wrong. When that happens and a seller becomes a buyer nothing in the world will move a stock higher than a good healthy short squeeze. Well enough of my MM lesson for today. Someday soon I'll explain how they try to slow a stock down when they know their on the wrong side and cna't find the stock to cover their shorts. Next, technically no BB stock can be held in a margin account; for they are all NON-marginable. The way to instruct your broker is as follows: You are currently holding my SETO shares in my cash account in street name for the benefit of my personal account. Please now change that status and hold my stock in my name in your safekeeping dept. as I do not wish to have these shares lent out under any circumstances. Ran out of room C YA SOON