Ultratech Stepper Message Board

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Technology Stocks : Ultratech Stepper

UTEK 30.23

0.0%

Jun 5 5:00 PM EST

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To: mister topes who wrote (2846)	10/31/1998 2:42:00 AM
From: Kirk ©	Read Replies (1) of 3696

Not to mention $6.60 in cash and $10.60 in book value! Could tax loss selling season drive it down back to low teens? I sold some UTEK (25% of position) to lock in some tax loss at about $18 (paid $28)and got LRCX for less than bookvalue that day for $10. Since then (beginning of the month) UTEK is about the same and I have a 50% gain in LRCX. Good move, if I may say so myself. Since Utek is well above book value, doesn't that mean it has more risk until the stock turns? The fact they miss earnings has me a bit concerned too: biz.yahoo.com I often wonder if the Brinker Effect (you called it shareholder demographics) is holding the stock price up from its more natural position in the sector (many are selling much closer to bookvalue less projected loss for the next yr, or they were before the market turned) I still like the stock long term, but I have not thought it was the best deal in the sector these past months and my gains are there in the other stocks I bought to prove others agree. I agree I would not want to short this stock, or any other in this sector. All it takes is someone big to decide "time to buy" and up they go! regards Kirk out

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