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


To: jan_mike who wrote (702)4/3/1998 10:21:00 AM
From: KZAP  Read Replies (1) | Respond to of 3222
 
If those who ran in and bought SETO would have just done a
little DD, they may not have bought so quickly.

IMHO someone followed one of the 'regulars' over here and
thought with such growth, something must be up. Well, Let
me tell you this. I got tired of the price not going down
and just said pi$$ on it. I'll just buy a few thousand shares
anyway. So, I put in 4 orders, 2 at market. When I put in my
orders, the price was at .80, so I order stock at .80. Next
thing I know, someone buys at .83(market order?)
So, I go ahead and put in another order for 5k at market. Then,
after I see that fills and the bid/ask move up another 2 cents,
I again say the heck with it, I put in another order for 2500
at the market. It fills @ .85 and the bid/ask move up again!
Realize this, the volume after my buys was only 16k shares
trades. Next thing I know, the thread picks it up and assume
something is up so posters get things cooking on another thread
and the SETO thread getts cooking. Next thing you know more
traders pick it up. BUT! What held it back was the fact that
no one could figure out why the price was moving. Some traders
jumped in and moved the price up even more in the mean time.
Well, those with Level II KNEW what was going on. So did the
mm's and they have been looking for the opportunity to move
the stock price up. They took full advantage of it yesterday.
NOW, That's what I see as what happened! JMHO

Does that sound logical to you?
Now, I will ask, buy, sell or get out of the way! I just want
to do my thing. And no thanks for those who made me have to
pay so much to buy this little quiet stock!

I hope there are not many who will read this. Just up longs
who are nutz and like SETO because it was such a quiet stock.
NO Volume today! Know why? When we accumulate we won't pay
a "gap" price! If you are short on SETO, you may as well
sell now, because the price will stay stuck for a while.
The Gap is way too high!!! over 10%

Bye everyone! Shows over!
Go to a hot stock somewhere!
Good Luck and Happy Investing!

KZAP