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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: mister topes who wrote (5759)	7/12/1998 12:56:00 AM
From: Hank Stamper	Respond to of 42834

don, Yeah, I think Ill-And-Noise's posts are boring. Now, re UTEK. I like the company for a number of reasons and am long the stock. But, in your post you wrote it will hit $40 in 1999. I reckon the timing of that price will depend on how well the chip making industry recovers. At this point, there is still a huge over-supply of chips. And, while there are some initial signs of production curtailment, there has yet to be a real bottom. I.e., no massive cut-backs and no major signs of fabs shutting down or makers going broke. The industry will require a shake out that reduces fabrication capacity in order to produce the correction from over-supply to under-supply. So, with no sign of a bottom yet in the chip-making industry, there is nothing to help us predict the timing of the upturn from this vantage point. With no under-supply situation pending, I wonder why a chip manufacturer would order new equipment. I just don't see the conditions yet that will bring UTEK stock back up in price. The conditions will come, and then those of us long UTEK will be chillin' a big grin--but the conditions just are not there yet. IMHO. Regards, David Todtman Vancouver Island, a.k.a., Lotus Land