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: Investor2 who wrote (2348)	4/16/1998 10:18:00 AM
From: Justa Werkenstiff	Read Replies (1) of 3696

I2: I would never say never when investing in this sector. Maybe a Christmas in August sale <g>? But you are right. Your odds of getting UTEK below $18 are much less now. I am hoping when the short position is reported later this month that it is unchanged to substantially higher. I want shorts to pile into UTEK. Why? They are natural buyers. There are 4m shares to be bought and it is just a question of when. I want them to bet the farm. I am begging all shorties to make a stand. Maybe I should trash the company <g> to attract some shorties. In fact, if I see a good size decrease in the short position (I see the odds as minimal given the light volume) I will view it as bearish (technically and short term) because it means the shorts will have been able to cover without driving the price above $24. In other words, longs were selling to meet the needs of the shorts. But there is no doubt in my mind that absent a substantial decrease in the short position the shorties were/are hoping for a disappoint and dump by the large institutional holders like Fidelity to cover into. Any shorty holding on now has to be counting on that in my mind. The small investor has most likely made their decision to stay or move on by now and is not going to produce the kind of volume the shorts need to cover into. If they don't get a disappoint and dump when UTEK reports earnings and they haven't been able to cover substantially into the stock's periodic weakness, then get ready for another spike up. All us small fry can do for the moment is take advantage of the shorties. I have made some decent money picking the pockets of the shorties by buying below $21 and selling above $22 and change. I guess it beats watching the paint dry at least for now.

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