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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST

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To: potamus who wrote (1577)7/28/1998 1:26:00 PM
From: Jim Willie CB  Read Replies (3) of 3813
 
robbing Q3 for the benefit of Q2 numbers would not be unusual... ludicrous that FY99 is hacked on estimates by Adams Harkness yet MARKET PERFORM is maintained... NVLS fiduciary responsibility will lead them to come clean very soon, now one month into Q3

very interesting about growing acct reveivables... surprised some analyst hounds havent seized that bone

suspect naive retail buying is rampant now... as well as naive fund buying by those who regard chip equips no differently from chips... perhaps in for a shock soon... CS First Boston, Informed Investors, and several newsletters have been pushing Novellus and other chip stocks, "guessing" that we have seen the bottom

no way in hell 50... smells like a triple top to me, with one third the volume today as when 40 was twice breached recently

still holding a batch of Aug35 puts here, four weeks to go
doubtful anybody wishes me luck

Kulicke & Soffa is bending, maybe breaking, now under 14

/ Jim Willie
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