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To: John F. Poteraske who wrote (856)	2/13/1998 11:49:00 PM
From: Todd D. Wiener	Read Replies (1) \| Respond to of 886

Would you believe SMTC was up 18% this week? I'm loving it! I'm sure glad I loaded up below $18. There was a lot of resistance at $28-29 that SMTC seems to have broken thru. It remains to be seen what happens next week. SMTC would have to reach the low 40s to have the same valuation it had at its October peak. If the stock continues upward in anticipation of good earnings on Wednesday, the stock may sell-off on the news, unless it's really good. I figure that since my estimates are higher than the "Street's" consensus, the stock will rally to its old highs if I am pleasantly surprised by the company's outlook. The next resistance level is around $32, and that's a pretty weak area, so it's perfectly reasonable that SMTC could rise 20% next week to its highs, before pulling back to $29 or so. We'll have to see what happens. If anyone cares, LUFK is probably going to release earnings on Tuesday. Hopefully it will announce a stock split and a dividend hike. Although I expect the company to beat estimates, the market cares about 1998, not Q4 1997. I think that the oil situation is temporary, and it should improve as the year goes on. LUFK is certainly one of the best investments in the oilfield sector, due largely to its very low valuation. Once the market starts to like oil stocks again, LUFK should begin to pick up steam. Todd