*AV*--UTEK is my responsibility since I brought it to this thread. I am intimately aware of this company and its technology. This is and has been a frustrating stock. I have played it in the past between roughly $18-50, $17-30 and $21-27 always looking for the home run ball that occurred with my ASMLF investment. It is only a matter of time but it has been a money pit for a long time. It was my largest share volume investments at one point, waiting for the kill shot. I do not know how much money I "Didn't make" by not selling it off sooner and placing it into more active stocks like DELL.
I vacated the stock a few months ago and put the money to better use. Right now, with a doldrums in this sector, I am looking for some 10% trades that might take the edge off things. I thought UTEK could provide that until I could find some real good movers. If you check their historical price charts you will see there is enough of a trading range to make some money.
chart6.bigcharts.com:80/report?r=cobrand&onbad=cobrandsymb&site=dailystocks&symb=UTEK&type=128&time=10&uf=7168&sid=11209&sec=c&xyz=78023141&s=17994 (I hope this long link works)
Is it the best play?? Probably not.
However, I am a Lithography Engineer and like to invest in things I completely understand both the fundamentals and technicals. For lack of a better term, it is one of my "pet" stocks, for better or worse.
I see the ISI acquisition a very good positive for them to become a full service supplier for all lithography needs. As a matter of fact, they have the broadest capabilities of all their competitors since they service the Disk Drive (TFH, MR, GMR head) sector, the mask making sector (Ultrabeam), the emerging MEMS technology, and have the P-Gild Process. They are actually positioned better than most companies for a rapid recovery and then a moon shot. They were being dragged down as the only 1X litho tool supplier with no product to address crtical feature sizes beyond i-line lithographic capabilities. During this industry downturn, the added the DUV capability and start the EUV LLC to make them a full member of these advanced technologies.
Still the company has not reacted positively to all this stuff in erms of price. I think the reason is all these goods things happened or occurred during "the Worst of Times". It won't be until we are back into the swing of things in this sector before it takes off. I will also hazard an opinion that when the sector takes off, UTEK may very well be a laggard in the recovery. This might allow for some double dipping profits by letting the likes of CYMI or ASMLF to run, then take profits to roll them into UTEK for its delay resurgence.
Andrew
BTW-UTWK has been out of favor for me for months and is nowe coming back onto my radar of interest. |
