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

To: Boca_PETE who wrote (2286)	3/30/1998 4:25:00 PM
From: David Rosenthal	Read Replies (1) \| Respond to of 3696

Pete, Read the newswires. I don't have a full article yet but UTEK is warning on revenue and margins. This is not really a big surprise. Dave

To: Boca_PETE who wrote (2286)	3/30/1998 10:50:00 PM
From: Justa Werkenstiff	Respond to of 3696

Pete: The story has changed a little in the past few days. We are seeing some increased selling and less interest in short covering or accumulation IMHO. It might have to do with institutions wanting to move this one off their books by the end of this quarter. I have seen this in other stocks which has created some excellent value in an overpriced market. Regardless, I believe UTEK went to its low for the day during the last half hour. Up until that point it was business as usual with UTEK holding its own in a relatively low volume day. Someone wanted out in a big way perhaps because of that story that David posted which is no big news to this thread. Volume spiked on the down move and continued on the rebound. (Is it a coincidence that this story runs on old news at the end of the quarter to give Mr. Institution something to think about?) In any event, UTEK did not stay there for long (I am talking minutes) before she moved back up to close around 20. We might see some more of this in the next few weeks as the shorts are holding back looking for the disappointment and dump (or trying to create that atmosphere for that to happen) and some longs give up. I really like UTEK below 20. Perhaps a repeat performance on Tuesday? Good chance. Watch out for more short stories.