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


To: SemiBull who wrote (1602)8/13/1998 6:06:00 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 3813
 
not an expert on patents, but SMTL and NVLS seemed to have different ground covered, with Novellus more specific

bailed out of my Aug 15 puts with hat and one kayone in hand... took beating by selling for 3/4 what I bought for over 2... figured fourth consecutive day of decline in price... down over 7 points from the rarified air over 44 last Friday... might find support at 37-38 area which is 50day moving average... my 3/4 much better than 1/16 last Friday

all those reversals were just advance & backfill... great gain, now giving some back... NVLS in great position when recovery begins, which is a lot longer than those cheerleader nitwit whore analysts are guessing... if I sound a tad bitter, it is become I was smoked by spontaneous combustion

over and out, best wished to all who are betting on a recovery... that eventuality is about as likely before 3Q99 as Gore replacing Bill the Grand Puba

/ Jim Willie