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

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To: Cary Salsberg who wrote (412)4/11/1997 12:51:00 PM
From: Andrew Vance   of 3696
 
I do not know about you but by buying 20, 22 1/2 and 25 calls at this level along with buying stock and then selling at 25 (all options and some stock), I have been doing pretty good. I am going back and forth on this. There is more than one way to make profits out of UTEK. I must admit that I have only been doing this for the past 6-10 weeks but it is a way to make profits without UTEK having to go beserk in the upward direction. So as long as UTEK want to join the roller coaster club like some of my other investments, why not take advantage of it. I am getting close to buying more shortly and taking ~10% again. I am still holding my core shares but am tempted to try the put side of the options equation the next time it hits 25 or above.

Andrew
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