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

To: Todd D. Wiener who wrote (1501)	6/12/1998 5:07:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 3813

Thanks Todd...BTW, great call. I believe the stock was in the 40's when you made the original call. At the time I felt it was too low. For my purposes, sounds like 28 or below will work. I plan on selling puts, probably at the 25 level...this would cover me in case it went to 24. For every day it trades sideways, time value works for me. Worst case I end up with the stock at 22-23. With PC's and electronics in general dropping in price, I've had an uneasy feeling that many semicondutor companies will go the route of the disk drive companies. Although this may put some pricing pressure on the equipment suppliers, seems to me they will never be subject to the types of pressures of the actual semi-conductor companies, and equipment suppliers ought to recover first. I don't know a lot about the specifics of this industry, but seems that companies would be gearing up for copper now. Do you have any opinions on this? Thanks, appreciate your input on this thread. sf