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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST
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To: Steve Fancy who wrote (2216)4/28/1999 10:07:00 PM
From: G. H.  Read Replies (1) of 3813
 
Good evening Steve, and thread. IMO, this is just a normal pull back,
some flushing out. I have traded NVLS in the past and today I took
a new position, I do not think that it will retrace back to the low
40's, but upper 40's would not be unreasonable. I believe the market
will trade sideways for the next month, until AMAT post's up their
numbers, I believe May 18 or so. By that time frame, if AMAT can
deliever, then I think the market will become true believers in this
current upturn.

Take care

Henry
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