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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Tom Murphy who wrote (4420)10/24/1998 4:18:00 AM
From: upanddown  Read Replies (2) of 18998
 
Tom, UTEK is in terrible shape but the market seems to have already digested the horrible report. I'am a little gun-shy of the sector after shorting NVLS and having it really jump to close to my stop-loss point. It sold off Fri with a lot of the other equip stocks. This sector really has lousy fundamentals that could take quite a long recovery period. When the whole sector rolls over (good chance next week), I will be looking to pounce on UTEK.

John
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