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

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To: Pastor William E. Schmidt who wrote (879)6/18/1997 9:27:00 PM
From: Andrew Vance   of 3696
 
FSII is a fine company but I still feel somewhat uncomfortable with it right now. There hasn't been anything exciting goimg on with the stock for awhile. As a matter of fact, I am very leery of the market and am steering clear of many opportunities until the very end of June. With option expiring this Friday and with the end of the quarter Mutual Fund report cards getting ready to go out, way too many games are going to be played. I rotated most of my investments out of the Disk drive sector early this week only to see a collapse take place.

If I were to make a suggestion, I would be looking at PAIR in the $18 range with a sell in the 20-21 range for a nice 10% profit. It is very questionable where I would invest over the next 10 trading days. But if I HAD TO MAKE A LIST, it would be very short and include:

ESST(low 12s)-WFR(33s)-CRUS(low 10s)-IDTI(now)-APM(now)-RDRT(now)-
SEG(wait for a bottom to <35)-PAIR(now). A list of eight stocks is the best I can come up with but with extreme caution.

Regards
Andrew
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