Ultratech Stepper Message Board

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Technology Stocks : Ultratech Stepper

UTEK 30.23

0.0%

Jun 5 5:00 PM EST

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To: Investor2 who wrote (2828)	10/29/1998 11:48:00 PM
From: Tom Murphy	of 3696

I shorted the day before earnings a little over $19. I know somebody that works for one of their suppliers that mentioned they were hurting pretty bad (not insider info). Based on UTEK's run into earnings, my friends comments, and the Semiconductor Equipment numbers for September, I gave it a crack. I have to admit, the stocks holding up pretty well, but I think a lot has to do with the general market recovery. The recovery in the sector is going to take a lot longer than people think...The numbers for September were still heading the wrong way. When the sector really turns around the ratios will tell you first. I think a lot of momentum guys jumped into the sector the past few weeks. It will be interesting to see what happens when they leave. UTEK has bounced off $17 1/4 three times since earnings. In my opinion if it breaks below $17 1/4 its gone (just my gut feel). Having said all that I won't fight the ticker. If it turns, I'm out. I doing to well most every where else to mess around with this one. Best of Luck.

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