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


To: Todd D. Wiener who wrote (1571)7/25/1998 1:28:00 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 3813
 
Todd,
supporting legs in Novellus are being taken out, one by one... Adams Harkness more pessimistic on 1999 than Robt Stephens... other analysts should follow suit soon or look dumb & dumber

CS First Boston initiated coverage of NVLS with BUY rating... but they are 3000 miles from Calif

got key weekly reversal, down 1/2 on week, big volume of 9 million shares, touching old 40-3/8 high... buyers near 40 might be re-thinking now... blowoff rally for sure IMO

without your advice might have bolted out of the puts recently... now they are looking promising... suspect soon we will see a sharp downmove mirroring the sharp upmove eight days ago

AMAT nearing lows again... KLIC right at lows

/ Jim Willie