Mattson Technology Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Mattson Technology

MTSN 3.600

0.0%

May 12 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ian@SI who wrote (1532)	7/24/1999 8:07:00 AM
From: John Stewart	Read Replies (1) of 3661

Ian; With I the market's reaction to the earnings and conference call, it became clear to me that the stock is going down to even for a period. I intended to buy back those shares later for a lower price. NVLS looked oversold I was going to drift over that way for awhile. I have followed the stock long enough to be fairly certain this will happen. The amount of shares mentioned is about 20% of my holdings, so this is not a huge move for me. I trade the stock several times a year this way with the intent of increasing the overall number of shares I own. It has worked for me every time so far. I will have to admit that when I put the 3K up at 12 3/16, they took 100 shares and the stock rapidly fell to the days lows. So my sales for the day were 100 shares plus the 6 Oct 7.5's I had been holding for some time. I agree with you that expenses will rapidly rise during this phase. My point is that they are rising faster than I what I consider reasonable in this case. Break even will have gone up by 50%, or some $10M in 2Q's. I do reserve the right to make bearish statements without warning ;') Hope I did not mess up your evening. Best Regards, John Stewart

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next