Novellus (NVLS) It's Day Is Here Message Board

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

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To: Teri Skogerboe who wrote (38)	12/31/1996 10:46:00 AM
From: Cary Salsberg	of 59

Teri, "...we are never sure which way this stock is headed...", but certainty increases as our horizon lengthens for NVLS. If you are a short term trader, you do sell now and hope to buy back later. If you are a long term investor you might lighten up a little and hope to lower your average cost. With NVLS and other quality semi-equips, the downside uncertainty has been diminished and the surprise is likely to be quick, large moves to the upside. I would rather err by holding too much stock as it moves down than by having too little when it takes off. Cary

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