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

To: Steve Fancy who wrote (3112)	12/16/2000 8:29:48 AM
From: Alan Gallaspy	Respond to of 3813

Steve, I was looking at NVLS chart over the last 6 weeks, it sure seems that the 5 or 6 days we spent at or below $30/share did not last long. I am not a chartist by any means, so we may very well getting lower lows and lower highs and all that, but it sure does not seem like anything below $30 does not hold up for long. Like you, I am a bit short on spare change. I do have some hefty cap gains from playing NVLS calls earlier this year, plus some big losers that I got from August onward (HLIT and PRIA), so I am looking at some tax loss selling pretty quick here. I imagine we might even see some of the same kind of selling in Novellus up till Dec 31. I am thinking that some of my proceeds from such a sell will go into Novellus Jan or Feb calls. I am also looking at Brooks Automation. Brooks provides a lot of the automation gear for NVLS, Lam and others and is, IMHO, in pretty good shape with respect to its balance sheet. All in all, I am pretty confused as it seems as if NVLS has been priced for pretty dismal business going forward. The prospect to me seems to be modest growth (at least $2.75/share for fy2001), but it seems as if we are being priced for an actual downturn. The only thing that scares me at this point is, just how low will we go if we do see an actual downturn? Anyhow, I am not going to worry about any of this for the next week. I am going to Louisiana to visit my relatives, eat more than anyone should be allowed to, root for the Saints in the playoffs, and generally have a good time. I hope that you Steve and everyone else here on the Novellus thread also has a great holiday regardless of if the chip world comes to a halt. Give us all a holler Steve if you decide to put on some more calls. If NVLS gets back to below $28, I think it will be a Christmas present from Mr. Market. Happy holidays and warmest regards, Alan

To: Steve Fancy who wrote (3112)	12/16/2000 12:22:34 PM
From: zwolff	Read Replies (1) \| Respond to of 3813

Buying more NVLS...? No cash... geocities.com

To: Steve Fancy who wrote (3112)	12/30/2000 6:03:23 PM
From: Alan Gallaspy	Read Replies (3) \| Respond to of 3813

Hows it going Steve? Any thought if you want to get back into NVLS calls? We sure ended 2000 with a wimper, although we are doing better than the ca. $30 we were 2 weeks ago. The Feb 35's would have bagged you about 50% or better between then and now. Gotta love that volatility. So where do we go from here? Are we going to see cancelations on push-outs resulting in another down year for NVLS, or will the chip makers step up to the plate and invest in copper and Novellus's other stuff? And if they do, will it be in a big way or just enough to keep us in a narrow range this year? I myself think that they are well positioned, and even if others in the sector may not do so well, at least Novellus will be selling enough to generate some cash and continue to develop new equip and maybe even gain some market share. Also, do they not still have a good wad of cash around, even after the Gasonics aquisition? Happy New year, Alan