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Technology Stocks : Novellus (NVLS) It's Day Is Here

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To: Teri Skogerboe who wrote (11)12/9/1996 1:39:00 AM
From: I. Luttichuys   of 59
 
Hello Teri, I agree with you as to your valuation of NVLS but I am curious as to why one would want to bother with limit orders right now. :o) I also believe it is fairly priced at $100-120, but have felt that one should have been buying at any opportunity up until the release of BTB later this morning. I am now fairly convinced this approach was correct after observing the incredible levels of institutional buying that went down as of late. It seems they don't care where they buy at under $100 either. I doubt I am sticking my neck out too far to say that we all already know what BTB will be when released tomorrow. I take it as an article of faith that the levels of institutional buying would not have occured as they did had not these institutions a pretty darn good idea what tomorrow is going to bring. They wanted to be locked in at any price.
Anyway, we'll see what NVLS does tomorrow.
Good luck Teri and to all!
There's no question we're in the right stock.
BENNETT
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