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


To: Investor2 who wrote (2535)7/8/1998 11:41:00 AM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 3696
 
I2: There is no question about it. The short interest continues to support this stock.

It is not UTEK's style to pre-announce. They just come out and wiff and take the market's punishment. I don't think it is a coincidence between Art Z out in print selling the long term growth prospects of UTEK and the earnings season we are in now.

I think it is interesting that only 34% of UTEK's shares are held by institutions. Not much disappoint and dump potential there. The shorts are just plain confounded by their valuation screens. They are convinced UTEK must go down. Look at that PSR they must say. Well, there are just too many shorts to make it so. Finally, I love the crappy volume. We have not had a 100,000+ day since June 25th. The days to cover are 13+.

Good long term investment opportunity here and good trade potential as well.