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

To: Steve Fancy who wrote (1591)	8/6/1998 3:05:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 3813

Yes, today the jig is up... still holding lots of option puts at 35... time to look for exit on a droopy day... she is scaling up from the 50-day moving average... the recent very shorterm bear triangle was blown away big difference between the stock and the business... business is doing a slowmotion disappearing act... profits are to be cut in half or more in coming quarters... but investors have lots of money to buy quality companies like Novellus, expecting business to return someday expect air pockets in the next few weeks, esp during prime August vacation weeks... in two weeks we can say Thailand happened a year ago, the spark that lit Asia on fire good luck after Aug22 / JimWillie