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Technology Stocks : Etec Systems moving up
ETEC 0.1500.0%Sep 8 5:00 PM EST

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To: Ian@SI who wrote (1265)11/16/1999 11:03:00 PM
From: XBrit  Read Replies (1) of 1279
 
Your summary sounds not-that-great...

...not enough to justify the recent runup from 36 to 46. I'd predict the stock will pull back to high 30's and await the real upturn.

I suspect consolidation in the mask-making industry is still a factor... for example, IBM announced sale of their Essonnes France facility to DPMI just a couple of weeks ago.

I rode this up from 25 to 45, then down and sold at 36... not too bad, but I'd be happy to get back in in the high 30's. There's another good ride left here.
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