Ultratech Stepper Message Board

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Technology Stocks : Ultratech Stepper

UTEK 30.23

0.0%

Jun 5 5:00 PM EST

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To: Andrew Vance who wrote (992)	7/19/1997 8:45:00 PM
From: Jerome	of 3696

"sold the Aug.options yesterday" Are you covering yourself in case UTEK misses their earnings projection? I also own some of the Aug. 20's that are very profitable. My strategy is the following. If UTEK reports a weak quarter and the stock drops to the $20 to $22 range I'll buy options on the Feb. 20's as much as I can afford. If Utek reports good earnings I'll buy the Feb. 30's as much as I can afford. Buying a good company that gets dumped because it misses earnings by a cent or two has been my option strategy for the last six months. This has been safer than trying to buy options on overpriced stocks with high P.E.'s. Getting back to selling the Aug. calls. What prompted you to sell them? Which options on UTEK, from your perspective, represent the best risk reward ratio? I sincerely appreciate your postings on UTEK and have made UTEK one of my core holdings since last OCT., based on your postings, and the other technically proficient reporters. My problem is that I have spent too much time in the Congo and too much time in the jungles of South America to keep up with technological advances, and know their implications. Thanks Again, Jerome

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