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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST
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To: Steve Fancy who wrote (2259)6/8/1999 3:44:00 PM
From: HerbertOtto  Read Replies (1) of 3813
 
Steve, NVLS correction is complete.

We may get a pull-back to 52, but maybe not. Remember that
Chip-Eqpt stocks are one of the few groups that do well in
an environment of increasing interest rates. At least after
the first bump-up in rates. Once the momentum crowd gets wind
of this, the big 4 should surge. AMAT, KLAC, NVLS, TER.

Looking over the numbers for these stocks, it looks like NVLS
should be priced at 70+ right now. I may be prejudiced.

Good luck, NVLS longs!
Herbert
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