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