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Technology Stocks : Trikon Technologies - TRKN

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To: Sniper who wrote (553)11/13/1997 6:32:00 PM
From: Zeev Hed  Read Replies (2) of 926
 
Snipe, a lot of techical damage has been inflicted on this stock and I think that for the next few months (unless they announce another 2 licenses like the AMAT one)it will go above 4 to 4.25. But I agree that it looks better here, now that we can see a source of repayment of the huge debt they have acquired. The question is do I buy TRKN at 25 for a run to 4 or VECO at mid 30' or so for a long term hold to the 80' within a year or 18 months? If I see some good technical action, I may go for another trip on TRKN (depsite the fact the last one cost me a cool 25% loss), but the fact that it made a new low today at 2.25 does not bid well for the stock. It could go to below 2 as well.

Zeev
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