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

To: Lars who wrote (1905)	12/16/1997 12:02:00 PM
From: Dave Kahn	Read Replies (1) \| Respond to of 3696

Ok all, now it is going back up, nothing to say? I took my offer to buy at 18 3/4 off the table. Now it will prob go down. DHK

To: Lars who wrote (1905)	12/16/1997 9:05:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 3696

I have to wonder out loud if yesterday's rally on 1.3m shares and today's rally on 700k to the upper $23 level and then the subsequent fade to close down 1/4 wasn't due to some interest by Mr. Short in at least taking some profits to pay for post holiday shopping bills. All NASD members had to disclose their short positions at the close on the 15th. In any event, we should know where Mr. Short stands in a week or so. If it was a short covering rally, perhaps we will see a little more fade on relatively lighter volume in the next few days.