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Technology Stocks : Novellus -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (2909)10/12/2000 2:02:50 PM
From: Steve Fancy  Read Replies (2) | Respond to of 3813
 
Hey Bob, Whaaaack. Looks like a wee bit of support at 32, then not again till 29. I'll probably take another look at at those Nov 40's or maybe 35's as the nasdaq and many stocks I watch seem hesitant to go much lower. I'll sell puts at 29-32. Maybe we're looking at that blow off bottom today on the DOW. Can't imagine too many would want to hold short over the weekend at these levels.

I think the exageratted moves of NVLS today are simply typical of NVLS. That's not to suggest it won't go lower if this craziness continues. It sure looks to be sitting at a key level technically. I would think the IBM contract will go a long way towards supporting a decent valuation going forward. Good luck with that 1K you picked up.

regards,

sf



To: robert b furman who wrote (2909)10/12/2000 2:38:51 PM
From: Steve Fancy  Respond to of 3813
 
In again, with NOV 40's at 3 1/2. I may be the optimist, but I haven't given up on those OCT 50's yet<g>. Seems things will have to get real bad for this stock to head for 32-33, but certainly not dismissing the possibility at this point.

Good luck all,

sf


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