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Technology Stocks : Ultratech Stepper
UTEK 30.230.0%Jun 5 5:00 PM EST

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To: Ian@SI who wrote (2821)10/29/1998 6:39:00 AM
From: Justa Werkenstiff  Read Replies (2) of 3696
 
Ian: I love all these johnny-come-lately shorts. But the ones who have recently arrived are not the only ones on SI that think they have brilliant idea in shorting UTEK. For fun, do an SI search with the "utek short" and see all the discussions of those thinking of or actually shorting UTEK without knowing squat about the company. Too bad these folks don't seem to realize that the professional shorts have been here for a long time and have not fared too well since UTEK reached the $18 - 22 range. Watch them all hang around and look for a huge breakdown in price. But given the sharehoder base and the constant flow of impatient shorts covering, they will be very lucky to get a fade to $14 by the end of the year. Wow, now there is a huge return. Short at $18 and cover at $14. And to think they run the risk being one good press release or industry turn away from a run to the 20s. Oh, and don't forget Greenspan. Next meeting November 17th. Not a good risk/reward scenario to me. Truth be told, shorts have been playing with dead money for months just like the longs. And for longs, this company has held up extremely well in the industry down-cycle when compared to its capitalization peers.
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