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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Carmine Cammarosano who wrote (2395)12/14/1997 12:13:00 AM
From: Investor2  Read Replies (1) of 42834
 
RE: "Why does Bob B. like UTEK?..."

I believe that Bob (and I) likes the potential of several new products which are currently in the "pipeline" but which haven't yet contributed to sales/profits. You can get more information on the products by reviewing historical posts on the UTEK thread:

Subject 3106

You will probably have to go back in the thread about a month or so to get to factual discussions of the UTEK technologies, since many of the recent posts are manifestations of panic.

As far as the price at which Bob recommended UTEK, I believe he first recommended it at about $14 per share. As the stock price increased, so did his recommended purchase price limit. I first investigated and purchased UTEK (based in part on his previous recommendation) several months ago at a price of $22. Since that time, I've seen it go down to $17, up to $34, and back down to $18. Semiconductor equipment stocks are obviously very volatile, so if that makes you uncomfortable, maybe you shouldn't hold them.

In my opinion, the recent selling has been overdone and the price will be significantly higher in a year or two. But who knows, maybe the U.S. economy will catch the Asian Flu and move into a depression. In this case, UTEK and any other stock could go much lower.

Best wishes,

I2
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