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Technology Stocks : Ultratech Stepper
UTEK 30.230.0%Jun 5 5:00 PM EST

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To: pride who wrote (2572)7/23/1998 12:17:00 PM
From: Justa Werkenstiff  Read Replies (2) of 3696
 
UTEK would have come close to making quarter but for shipping delays of product. Art Z very upbeat in cc and is calling for the bottom for UTEK. As I speculated, dd going to come back before semis. ISI integration looks promising. Ultrabeam proceeding nicely.

I bought a trading position long at $19.50 this morning. Expect the shorts to take some cover as early as this afternoon or at least over the next week. Institutional selling (34%)will be minimal after that cc IMO. Individuals will not sell as has been shown. I would not want to be short.
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