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Technology Stocks : Novellus (NVLS) It's Day Is Here
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To: Cary Salsberg who wrote (33)12/23/1996 9:10:00 PM
From: space cadet   of 59
 
Cary, I agree with you that NVLS will probably sink to the 42-51 level. I'm just mad at myself for not buying puts before this thing started sinking. I hope and pray we get one good up day tomorrow so I can buy the puts for cheap. My predictions are usually accurate but I somehow don't buy my options at the right time. Long term I love NVLS but anyone buying here is foolhardy. Wait for the correction (it may be finished in Jan) and then buy. The real question is when will the semi's rebound. The analysts are saying the second half of 97 but I've come to the conclusion that 90% of them don't know what they are talking about. One thing for sure with this stock, it doesn't ever stay still. That means if it doesn't go up in the next few weeks it is going quite a bit lower.
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